A New York lease agreement is a binding contract that allows a landlord to rent residential or commercial space to a tenant in exchange for payment. A lease is a contract between a landlord and a tenant that contains the terms and conditions of the rental.Agreement of Lease, made as of this 26th day of February in the year 2002, between Heartland Rental Properties LLC. , 1 Executive Drive, Edgewood, New York 11717 (A) Pursuant to the Company. The sale, lease, exchange or other disposition of all or substantially all of the assets1F. 2of a charitable not-for-profit corporation2F. Tenants can get a copy of the reports in exchange for the fee. Alternatively, tenants can terminate or renew a lease when the term finishes, as long as there is a renewal option in their agreement. New York-New York-240 West 35th Street Lease - Nassau Bay Associates LP and PrizePoint Entertainment Corp.