This office lease clause was negotiated into a lease document for an unusual premises to assure utilization of a broad range of common areas. This states that the tenant and its invitees shall throughout the term of the lease continue to enjoy access and utilization of the common areas on a first come first served basis.
The New York Clause Assuring Utilization of a Broad Range of Common Areas is a legal provision commonly included in real estate contracts and property agreements within the state of New York. This clause ensures that all tenants and property owners have equal access and specified rights to various shared spaces and amenities within a property or development. Keywords: New York, clause, utilization, broad range, common areas, tenants, property owners, shared spaces, amenities, real estate contracts, property agreements. There are different types of New York Clause Assuring Utilization of a Broad Range of Common Areas that can be found in various property agreements: 1. Residential Property Clause: This type of New York Clause is commonly utilized in residential real estate contracts, ensuring that all residents in a multi-unit building or housing community have equal access to shared facilities such as gyms, swimming pools, communal gardens, or recreational rooms. 2. Commercial Property Clause: In commercial real estate, this clause ensures equal utilization and access to common areas such as lobbies, restrooms, hallways, elevators, or parking areas for all tenants and employees within a shared office space, shopping center, or business complex. 3. Mixed-Use Property Clause: This type of clause is applicable to properties that combine residential and commercial spaces, such as apartment buildings with ground-floor retail units. It guarantees that both residents and commercial tenants have equitable rights to shared areas like entrance ways, corridors, rooftop terraces, or parking facilities. 4. Condominium/Townhouse Association Clause: In condominium or townhouse developments, this clause ensures that all unit owners within the association have the same privileges and access to common areas like courtyards, party rooms, barbecue areas, or rooftop decks. It also outlines maintenance responsibilities and rules governing the use of these spaces. 5. Cooperative Housing Clause: For cooperative housing, where residents own shares in a corporation that owns the property, this clause ensures equal utilization and access to common areas such as laundry rooms, gardens, playgrounds, or common social areas like lounges or meeting rooms. It may also outline guidelines for conducting co-op meetings or events. In summary, the New York Clause Assuring Utilization of a Broad Range of Common Areas is a crucial provision in various real estate agreements. By incorporating this clause, all tenants and property owners can enjoy fair access and utilization rights to shared spaces and amenities, promoting harmonious living and working environments within New York properties.
