This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
Suffolk County, located in the state of New York, has a standard provision that addresses situations where the delivery of premises is delayed. This provision is commonly used in real estate transactions and lease agreements to outline the rights and responsibilities of parties involved in case the delivery of a property is delayed beyond the agreed-upon date. The Suffolk New York Standard Provision Used When Delivery of the Premises Is Delayed offers various clauses and options to address delays. Some types of provisions commonly seen in Suffolk County include: 1. Force Mature Clause: This clause addresses delays caused by unforeseeable circumstances beyond the control of either party, such as acts of nature, strikes, or government actions. It stipulates that if the delivery is delayed due to a force majeure event, the party responsible for the delay will not be held liable for damages. 2. Right to Terminate: This provision grants the party waiting for the premises to be delivered the right to terminate the agreement if the delivery is delayed beyond a certain specified period. It often includes details on how notice must be given and any penalties or refunds that may be applicable. 3. Extension of Time: This provision allows for an extension of the agreed-upon delivery date to accommodate reasonable delays. It typically specifies the conditions under which an extension may be granted, such as obtaining necessary permits, completing renovations, or resolving legal matters. 4. Rental Abatement: In cases where the delivery of the premises is delayed, this provision allows the tenant or purchaser to request a reduction or waiver of rental payments during the period of delay. It outlines the process for submitting a request and the conditions that must be met to qualify for rental abatement. 5. Alternative Accommodations: In situations where the delivery of the premises is significantly delayed, this provision allows the tenant or purchaser to seek temporary alternative accommodations at the expense of the party responsible for the delay. It outlines the requirements for securing and reimbursing these alternative accommodations. 6. Mediation/Arbitration: This provision may be included to provide a mechanism for resolving disputes that arise due to delivery delays. It establishes a process for both parties to follow, such as mediation or arbitration, to reach a resolution without the need for litigation. These various types of standard provisions are commonly used in Suffolk County, New York, when the delivery of premises is delayed. They aim to protect the rights and interests of both parties involved and provide a framework for addressing delays in a fair and reasonable manner.Suffolk County, located in the state of New York, has a standard provision that addresses situations where the delivery of premises is delayed. This provision is commonly used in real estate transactions and lease agreements to outline the rights and responsibilities of parties involved in case the delivery of a property is delayed beyond the agreed-upon date. The Suffolk New York Standard Provision Used When Delivery of the Premises Is Delayed offers various clauses and options to address delays. Some types of provisions commonly seen in Suffolk County include: 1. Force Mature Clause: This clause addresses delays caused by unforeseeable circumstances beyond the control of either party, such as acts of nature, strikes, or government actions. It stipulates that if the delivery is delayed due to a force majeure event, the party responsible for the delay will not be held liable for damages. 2. Right to Terminate: This provision grants the party waiting for the premises to be delivered the right to terminate the agreement if the delivery is delayed beyond a certain specified period. It often includes details on how notice must be given and any penalties or refunds that may be applicable. 3. Extension of Time: This provision allows for an extension of the agreed-upon delivery date to accommodate reasonable delays. It typically specifies the conditions under which an extension may be granted, such as obtaining necessary permits, completing renovations, or resolving legal matters. 4. Rental Abatement: In cases where the delivery of the premises is delayed, this provision allows the tenant or purchaser to request a reduction or waiver of rental payments during the period of delay. It outlines the process for submitting a request and the conditions that must be met to qualify for rental abatement. 5. Alternative Accommodations: In situations where the delivery of the premises is significantly delayed, this provision allows the tenant or purchaser to seek temporary alternative accommodations at the expense of the party responsible for the delay. It outlines the requirements for securing and reimbursing these alternative accommodations. 6. Mediation/Arbitration: This provision may be included to provide a mechanism for resolving disputes that arise due to delivery delays. It establishes a process for both parties to follow, such as mediation or arbitration, to reach a resolution without the need for litigation. These various types of standard provisions are commonly used in Suffolk County, New York, when the delivery of premises is delayed. They aim to protect the rights and interests of both parties involved and provide a framework for addressing delays in a fair and reasonable manner.
