Lease of A Condominium Unit

CONDOMINIUM UNIT LEASE 

Landlord and Tenant agree to lease the Unit and the Stated Interest in the Common Elements at the rent and for the term stated:

PREMISES:______________________________ UNIT:______________________________
CONDOMINIUM ASSOCIATION:______________________________
GARAGE SPACE: ________________________ GARAGE FEE:______________________
LANDLORD:_____________________________TENANT:_____________________________


Date of Lease:_____________________________Annual Rent: $__________________________
Lease Term:______________________________ Monthly Rent: $__________________________
Commencement Date:_______________________ Security Deposit: $________________________
Termination Date:______________________________



1.   Use and Occupancy
The  Unit  may  only  be  used  strictly  for  residential purposes  and  may  only  be  occupied  by  Tenant  and Tenant’s spouse and children.

2.   Inability to Give Possession
The failure of Landlord to give Tenant possession of the Unit on the Commencement Date shall not create
liability for Landlord.   In the event that possession of the Unit  is  not  delivered  on  the  Commencement  Date, Monthly  Rent  hereunder  shall  begin  on  the  date  that possession of the Unit is delivered to Tenant and shall be prorated for that portion of the month in which possession is delivered.

3.   Rent
A. Tenant shall pay Monthly Rent in full on the first day of each month of the Lease.   Monthly Rent shall be paid  in  advance  with  no  notice  being  required  from Landlord.    Tenant shall not deduct any sums from the Monthly Rent unless Landlord consents thereto in writing. Rent shall not be abated or forgiven due to damage to or inability to use the common elements.

Upon signing this Lease, Tenant shall pay Landlord the first Monthly Rent due and the Security Deposit.   The entire amount of rent due for the Lease Term is due upon signing this Lease; however, Landlord consents to the Tenant  paying  same  in  monthly  installments  provided there exists no defaults by Tenant under the terms of this Lease.

B. Additional Rent may include, but is not limited to
1. any additional insurance premiums and/or
expenses  paid  by  Landlord  which  are  chargeable  to Tenant as stated hereinafter:
2. all increases   in   Common   Charges,
Common Expenses and Association dues allocated tot he Unit which are in excess of those charges as of the date this Lease is executed;
3. any increase in the real estate taxes above
the real estate taxes being levied for the tax year in effect as of the date this Lease is executed.
Additional Rent is due and payable with the Monthly Rent for  the  next  month  after  Tenant  receives  notice  from Landlord that Additional Rent is due and payable.

3.   Condition of Unit
Tenant acknowledges that Tenant is accepting the Unit   in   its “as   is”   condition. Tenant   further
acknowledges that Tenant has thoroughly inspected the Unit and has found the Unit to be in good order and repair  and  that  the  appliances,  if  any,  are  in  good operating condition.    Tenant further states that Tenant knows how to operate the appliances and shall do so in accordance with the manufacturer’s instructions.



Landlord  is  not  responsible  in  any  way  for  errors
contained in the condominium brochure or plans

5.   Security
The Security Deposit is due upon the Tenant signing this Lease.   The Security Deposit shall not be used for
the  payment  of  Monthly  Rent  and/or  Additional  Rent unless agreed to, in writing,    by Landlord and Tenant.
Within ten (10) days after Tenant surrenders possession of the Unit at the expiration of the Lease Term, Landlord shall return the Security Deposit, less any cost of repairs as authorized by this Lease, to Tenant at an address Tenant provides.

6.   Services and Utilities
Tenant  is  responsible  for  paying  all  electric,  gas, water, telephone and any other utilities allocated to the Unit.    Use of a dishwasher, clothes washer and dryer machines,  freezer,  air  purifier,  portable  heater,  air conditioner  or  similar  appliances  is  prohibited  without Landlord’s written consent.
Landlord will supply (a) heat, in such quantity and for such time as mandated by law, (b) hot and cold water, (c) air  conditioning,  if  already  existing  in  the  Unit (the“Services”).    If the Services are temporarily interrupted due to an accident, emergency and/or repairs, Tenant’s obligation  to  pay  rent,  in  full,  shall  not  be  affected thereby.

Landlord will also supply a refrigerator, stove/oven, dishwasher, window air conditioning unit, clothes washer and clothes dryer (the “Appliances”).   Any damage to the Appliances which is caused by the willful and/or negligent acts of Tenant may be repaired by Landlord, the cost of which shall be Additional Rent.
(Tenant shall pay for the following services either directly or to Landlord when billed:





7.   Furnishings
The Unit is being delivered (furnished) (unfurnished). If  furnished,  Landlord  has  given  an  inventory  of  the furnishings which inventory has been signed by Tenant and   Landlord. Tenant   acknowledges   that   said furnishings  are  in  good  condition  and  Tenant  accepts same in “as is” condition.

8.   Repairs and Alterations
Tenant  shall  maintain  all  appliances,  equipment, furniture,   furnishings   and   other   personal   property
included under this Lease and, upon the surrender of the Unit  on  the  Termination  Date,  Tenant  shall  surrender same  to  Landlord  in  the  same  condition  as  received,



reasonable wear and tear excepted.   Tenant shall make
all repairs which become necessary due to Tenant’s acts and/or  negligence.     If  Tenant  does  not  make  such repairs, Landlord may do so, the cost of which shall be Additional Rent.   In the event that Tenant defaults under the  terms  of  this  Paragraph 8,  Landlord  may  make
necessary repairs or replacement, the cost of which shall be deducted from the Security Deposit.
Tenant  shall  not  make  any  alterations,  additions, modifications  and/or  changes  to  the  Unit  during  the Lease Term.

Should a mechanic’s lien be filed against the Unit and/or  the  building  in  which  the  Unit  is  situated (the"“Building") due to Tenant’s failure to pay for alterations and/or repairs and/or work performed in the Unit, Tenant must immediately either pay or file a bond for the amount stated in the mechanic’s lien.   In the event Tenant fails to so pay or bond the mechanic’s lien, Landlord may do so upon  giving  twenty (20)  days  prior  written  notice  toTenant,  Landlord’s  cost  for  which  shall  be  Additional Rent.

Provided the Condominium Association is obligated to   do   so,   Landlord   will   cause   the   Condominium Association to repair any damage, except if such damage is the result of the acts and/or negligence of Tenant

9.   Maintenance of Unit
Tenant shall maintain the Unit in a neat, clean and presentable condition.

10.   Pets
Pets  of  any  kind  or  nature  (shall) (shall  not)  be
allowed in the Unit.

11.   Damage, Fire or Other Catastrophe
In the case of fire damage or other damage to the Unit not caused by Tenant, Tenant shall give Landlord
immediate notice of same.   Upon receipt of such notice, Landlord may either  (a) repair the Unit or  (b) terminate the  Lease.     If  Landlord  makes  repairs  to  the  Unit, Landlord shall have a reasonable time in which to do so. If the damage to the Premises or the Unit renders the Unit uninhabitable, Landlord shall give notice to Tenant, after repairs are made, of the date on which the Unit may be reoccupied.   Monthly Rent for the period that Tenant can not occupy the Unit because of the damage shall be forgiven.
In  the  event  that  Landlord  terminates  this  Lease because of the damage, Landlord shall give Tenant three (3) days notice of Landlord’s intent to so terminate, in which event, Monthly Rent shall be due for the period up to the date the Premises or the Unit incurred the damage.

Notwithstanding the provisions of Section 227 of the New York Real Property Law, if the Unit is situated is substantially damaged by fire or other catastrophe  (the “Occurrence”),   Landlord  has   the  absolute   right   to demolish, renovate or rebuild the Unit.    Landlord may cancel this Lease, in such event, upon thirty  (30) days written notice to Tenant of Landlord’s intent, which notice shall include the date on which the Lease terminates, which shall, in no event, be less than thirty (30) days from the  date  of  said  notice.    By  canceling  this  Lease  in accordance with the terms of this Paragraph, Landlord is not  obligated  to  repair,  renovate  or  rebuild  the  Unit. Monthly  Rent  and  Additional    Rent  shall  be  paid  by Tenant up to the date of the Occurrence.

12.  Liability
Landlord shall not be liable for any loss, damage or expense to any person or property except if such loss is caused by the willful acts of Landlord.

Tenant  shall  be  liable  for  the  acts  of  Tenant, Tenant’s family, guests and/or invitees.   Landlord’s cost and expense in repairing any such damage or from any claim resulting from such acts shall be billed as Additional Rent and shall be paid by Tenant to Landlord.

Landlord is not liable to Tenant should anyone be refused entry into the Building.
Landlord is not liable for damages or otherwise if Tenant  suffers  them  as  a  result  of  any  acts  of
commission    or    omission    of    the    Condominium Association, its Board of Managers or any other party responsible to the Condominium Association or its Board of Managers.   Landlord is not liable to Tenant with regard

to any of the obligations of the Condominium Association,its Board of Managers or other party responsible to them under the Condominium Declaration.   The obligation to pay Rent and Additional Rent under this Lease continues even  if  the  Condominium  Association,  its  Board  of Managers and other party responsible to them fails to perform  such  obligations.    Landlord  will  use  its  best efforts to cause the Condominium Association, its Board of Managers and other party responsible to them to fulfill
their obligations.

Tenant, by executing this Lease agrees to indemnify and hold Landlord harmless from and against any claims arising  from  the  Condominium  Declaration  related  to Tenant’s acts and/or negligence.

13.   Insurance
Tenant  is  obligated  to  carry  whatever  property and/or liability insurance that Landlord requires and shall
have named on the policy of insurance Landlord, as an insured.   Tenant must deliver a copy of the declaration page of the policy of insurance or the binder showing Landlord as an insured prior to taking possession of the Unit.

14.   Entry
Except in an emergency, for the purposes of repair, inspection,  extermination,  installation  or  repair  of  any system, utility or appliance or to do any work deemed necessary by Landlord, Landlord may enter the Unit on reasonable notice and at reasonable times.   Upon giving such notice, Landlord may also enter the Unit to show the Unit to prospective purchasers, lenders or other persons deemed appropriate and necessary by Landlord.   During the  last  three (3)  months  of  the  Term  of  this  Lease,
Landlord  may  enter  the  Unit  to  show  the  Unit  to prospective tenants.
Landlord is not responsible for disturbance to tenant or damage to Tenant due to work being performed on behalf of Landlord or the Condominium
Association and Tenant waives any claim of eviction in such event.
Upon    reasonable    notice    to    Tenant,    the representatives of the Condominium Association, Board of Manages or any other party authorized by them or by the  Condominium  Declaration  may  enter  the  Unit  and Landlord assumes no responsibility nor shall Landlord be liable for any damage or loss caused by them.

15.   Assigning or Subletting
This Lease may not be assigned by Tenant nor shall Tenant sublet the Unit.
16.   Subordination
This  Lease  and  Tenant’s  rights  hereunder  are subject and subordinate to all existing and future leases for  the  Building  in  which  the  Unit  is  situated,  to  all mortgages  on  said  leases  and/or  the  Unit  and/or  the Building and all renewals, modifications and extensions thereof.   Upon request by Landlord, Tenant shall execute any certificate to this effect.

17.   Landlord’s Consent
If,  under  the  terms  of  this  Lease,  the  consent  of Landlord   is   required,   such   consent   shall   not   be unreasonably withheld.
18.   Keys, Locks
Tenant shall give Landlord keys to all locks for the Unit.   Tenant shall not change any locks or add any locks
to the Unit without obtaining Landlord’s consent, and if given, Tenant shall provide keys to Landlord for these locks.

19.   Signs
Tenant shall not place any signs on the Unit or upon the Building or in the Unit so as to be seen from outside
the Unit.

Landlord shall have the right to place or cause to be placed on the Unit and/or upon the Building, “For Rent”
and/or “For Sale” signs.

20.   Compliance with Authorities
Tenant shall, at its own cost and expense, comply promptly with all laws, rules, ordinances and directions of



governmental  and/or  municipal  authorities,  insurance carriers  and/or  the  Condominium  Association  and/or Board of Managers.   Tenant shall give all notice Tenant receives which are for Landlord.

21.  Tenant’s Defaults, Landlord’s Remedies

A. Landlord  must  give  Tenant  notice  of  default (except  for  a  default  in  the  payment  of  Monthly  Rent and/or Additional Rent) and Tenant, upon receipt of such notice  must  cure  the  default  within  the  time  stated hereinafter:

1. a default under Paragraphs  8,  9,  10,  11,
12, 13, 15, 18, or 19 of this Lease, ten (10) days;
2. a  default  under  Paragraph 23  of  this
Lease, thirty (30) days.
B. In the event that Tenant fails to cure a default within the timestated therefore, Landlord may terminate this Lease.   In such event, Landlord shall give Tenant notice stating the date upon which this Lease shall terminate, such date being not less than three (3) days after the date of such notice  at  which  time  this  Lease  shall  then  terminate.
Tenant  shall  be  responsible  for  Monthly  Rent  and Additional Rent as set forth in this Lease up to the date of termination.
C. If this Lease is terminated or Tenant vacates the Unit prior to the Termination Date, Landlord may enter the Unit and remove  Tenant  and  any  person  or  property  and/or commence  summary  proceedings  for  eviction.     The aforesaid actions are not the sole remedies of Landlord.
D. If this Lease is cancelled or Landlord takes back the Unit
1. Monthly Rent and Additional Rent for the unexpired  portion  of  the  Lease  Term  immediately becomes due and payable.   In addition, any cost or repair expended by Landlord shall be the obligation of Tenant and shall be deemed Additional Rent.
2. Landlord may re-rent the Unit and anythingin  it  for  any  term  and  at  any  rental  and  any  cost  in connection therewith shall be borne by Tenant which may include,  but  is  not  limited  to  the  cost  of  repairs, decorations,   preparation   for   renting,   broker’s   fees, advertising costs and attorney’s fees.   Any rent recovered by Landlord for the re-renting of the Unit shall reduce the amount of money that Tenant owes to Landlord.

22.  Condemnation
If any or part of the Unit is taken or condemned by any  governmental  authority,  Landlord  may  cancel  this
Lease on notice to Tenant and Tenant’s rights hereunder shall end as of the date the authority takes title to the Unit which cancellation date can not be less than thirty (30) days from the date of Landlord’s notice.   Tenant shall be liable for Monthly Rent and Additional Rent to the date of cancellation and shall make no claim for the unexpired term of the Lease.   Any award for the condemnation is the property of Landlord and Tenant assigns to Landlord any and all rights, interest and/or claim in and to such award.

23.  Bankruptcy
Should Tenant file a voluntary petition in bankruptcy or  an  involuntary  petition  is  filed  against  Tenant,  or
should  Tenant  assign  any  property  fro  the  benefit  of creditors  or  should  a  trustee/receiver  be  appointed  of Tenant  and/or  Tenant’s  property,  Landlord  can  cancel this Lease upon thirty (30) days written notice to Tenant.

24.  Notices
Any notice to be given under this Lease shall be in writing addressed to the party at the addresses set forth herein  by  certified  mail  or  overnight  courier  service.
Notice  by  Landlord  to  one  named  Tenant  shall  be deemed given to all Tenants and occupants of the Unit. Each party hereto shall accept notices sent by the other. Any change of address by one party must be given, by notice, to the other.   Notice shall be deemed given when posted or delivered to the overnight courier service.

25.  Waiver of Jury Trial, Set-Off or CounterclaimThe parties hereto waive trial by jury in all matters except for personal injury or property damage claims.   In a  summary  proceeding  for  eviction,  Tenant  waives
Tenant’s right to any set-off and/or counterclaim.
26.  Broker
Tenant states that is  the  sole  Broker  who  showed  the  Unit  to  Tenant. Tenant shall hold harmless and indemnify Landlord from any  monies  expended  by  Landlord  should  Tenant’s statement herein be untrue.

27.  Inability of Landlord to Perform
If  Landlord  is  unable  to  perform  any  of  its obligations  to  be  performed  hereunder  due  to governmental  orders,  labor  strife  or  inability  to secure goods or materials, through no fault on the part  of  Landlord,  the  Condominium  Association and/or its Board of Managers, this Lease shall not be terminated or cancelled and such inability shall not impact upon Tenant’s obligations hereunder.

28.  Illegality
Should any part of this Lease be deemed illegal, the remaining  portions  of  this  Lease  shall not  be  affected thereby and shall remain in full force and effect.

29.  Non-Disturbance
So  long  as  Tenant  pays  the  Monthly  Rent  and Additional Rent and   there exists no defaults under any of the terms of this Lease, Tenant may peacefully occupy the Unit for the Lease Term.

30.  Non-Waiver
Any failure by Landlord to insist upon Tenant’s full compliance with the terms of this Lease and/or to enforce such  terms  shall  not  be  deemed  to  be  a  waiver  of Landlord’s rights to insist upon or so enforce the terms of this Lease at a future date.
31.   Rules
Tenant shall comply with these rules (the “Rules”) at all times.   If there is a change in the rules, Landlord will give Tenant notice of same.   Landlord shall not be liable to  Tenant  for  another  Tenant’s  violation  of  the  Rules. The rights afforded under the following Rules are for the sole benefit of Landlord:
(a)   the quiet enjoyment of other tenants shall not be interfered with;
(b)   sounds, odors and lights which are annoying to
other tenants are not allowed;
(c)   floors within the Unit must be covered over 70%
of the area of each room except for the bathroom and
kitchen;
(d)   all posted rules must be followed;
(e)   smoking is not permitted in the Unit or hallways;
(f)    All flammable or dangerous items may not be kept or stored in the Unit;
(g)   no one is allowed access to or the enjoyment of the roof;
(h)   nothing shall be placed on or attached to the fire
escapes, windows, doors or in the hallways or common
areas;
(i)   elevators, if any, are to be used by tenants and their  guests  only.     Bicycles  are  not  allowed  in  the elevators.   Tenants and their guests are not to leave any garbage, trash and/or debris in the elevators;
(j)   moving of furniture in and out of the Unit must be scheduled with the Landlord;
(k)    all deliveries must be made by means of the service entrance, if any;
(l)   laundry machines, if provided, may be used at
tenants’ risk and cost, may only be used at reasonable
hours and all instructions for their use must be strictly
followed;
(m)   cleaning of the exterior of the windows from the outside is strictly forbidden;
(n)   if parking is provided, improperly parked vehicles may be immediately removed at tenant’s cost;
(o) tenant    may    not    leave    any    baby
carriages/strollers,  bicycles,  boxes,  cartons  and/or  any items in hallways;
(p)    tenant  shall  use  its  best  efforts  to  conserve energy and water;
(q)     hot plates or means of cooking other than the stove are not permitted.



40.  Amendments

32.  Limitation of Recovery
Should Tenant obtain a judgment or other remedy from a court of competent jurisdiction for the payment of money by Landlord, Tenant is limited to the Landlord’s interest  in  the  Premises  for  the  collection  of  same. Landlord  shall  not  be  liable  for  the  acts  of  the Condominium Association, its Board of Managers, their agents or representatives.

33.  Construction and Demolition
Construction and/or demolition may be done in or near the Unit and Building and if same interferes with the
ventilation, view and/or enjoyment of the Unit, Tenant’s obligations under this Lease shall, in no way, be affected.

34.  Terraces and Balconies
If there is a terrace or balcony as an adjunct to the Unit, such terrace or balcony is subject to the terms of this Lease.
Tenant shall keep the terrace or balcony clean, clear of snow, ice, garbage and other debris.   No alteration or additions  may  be  made  to  the  terrace  or  balcony. Tenant’s property may not be stored on the terrace or balcony.   Cooking on the terrace or balcony is prohibited.
Tenant shall maintain the terrace or balcony in good condition and make all repairs at Tenant’s cost, except those of a structural nature which is the responsibility of Landlord and/or Condominium Association.

35.  Common Recreational Areas
If applicable, Landlord may give Tenant use of any playground, pool, parking or other areas, the use of which will be at Tenant’s own risk and Tenant shall pay any charge imposed by Landlord for such use.    Landlord’s permission to use these areas may be revoked at any time.

36.  Parties Bound
This Lease is binding upon Landlord and Tenant and their respective assignees and/or successors in interest.
37.  Paragraph Headings
Paragraph headings are for reference only.

38.   Effectiveness
This Lease shall become effective as of the date when Landlord delivers a fully executed copy hereof to Tenant or Tenant’s attorney.

39.  Entire Agreement
Tenant states that Tenant has read this Lease and that it fully incorporates    all understandings,
representations  and  promises  made  to  Tenant  by Landlord  and/or  Landlord’s  agent  and  that  this  Lease supercedes  all  prior  representations,  agreements  and promises, whether oral or written.

This Lease may only be changed or amended in awriting signed by the parties hereto.

41.  Riders
Additional terms are contained in the riders annexed hereto and designated Rider
42.   Garage Space
If  this  Lease  provides  for  a  garage  space  for Tenant’s use, any fee that Landlord charges Tenant shall be   Additional   Rent   and   paid   in   accordance   with Paragraph “3 B” of this Lease.

43.   Definitions

a)  Condominium  Association.     The  Unit  owners association and/or organization, the membership of which is comprised of Unit Owners (defined below).
b)   Board   of   Managers. Persons   selected,
authorized and empowered to manage and operate the Building as set forth in the Condominium Declaration filed in  the  Office  of  the  Clerk  of  the  County  in  which  the Building is situated.
c)  Common  Charges.     The  Unit’s  share  of  the Common Expenses.
d)   Common   Elements. As   defined   in   the
Condominium Declaration.
e)    Common Expenses.   The expenses of operating the  Condominium  as  determined  by  the  Board  of Managers.
f) Common Interest.   The proportionate interest a Unit Owner has in the Common Elements.
g)     Unit Owner.   The person or entity having title to a unit or units in the Condominium.

44.   Surrender of Unit
On the Termination Date, Tenant shall deliver the Unit  toLandlord  vacant,  in  good  condition  and  broom
clean.   Prior to such delivery, Tenant shall have vacated the   Unit,   removed   Tenant’s   property,   repaired   all damages caused by Tenant and return the Unit in the same condition as received, reasonable wear and tear
excepted.

45.   Voting Rights
Tenant, by virtue of this Lease, does not obtain any voting rights which Landlord has to vote     with respect to any matter for which a vote is called by the Condominium Association or its Board of Managers.

46.   Sale of Unit
In the event Landlord sells the Unit, Landlord may terminate  this  Lease  on  thirty (30)  days  prior  written
notice to Tenant, in which event Tenant shall vacate the Unit on the date set forth in said notice.





This Lease has been entered into as of the Date of Lease.



LANDLORD                                                    TENANT
______________________________              ______________________________

Condominium unit lease