This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
Queens New York Conditional Limitation of Tenant Liability Good Guy Provision is a unique provision that exists in certain commercial lease agreements in Queens, New York. This provision aims to provide protection to commercial tenants who wish to surrender the leased property without being held liable for unpaid rent for the remaining term of the lease. The Conditional Limitation of Tenant Liability Good Guy Provision is specifically designed to benefit "Good Guy" tenants in Queens, New York who meet certain criteria. In order to qualify for this provision, tenants must fulfill specific conditions such as providing advance notice of their intent to surrender the property, vacating the premises in a timely manner, and ensuring that all rent is paid up until the date of surrender. By complying with these conditions, the tenant is entitled to a conditional limitation of their liability for any unpaid rent that may occur after they vacate the premises. However, it is important to note that this provision does not absolve the tenant of all liability. If the tenant fails to meet the criteria or violates any terms of the lease agreement, they may still be held responsible for any unpaid rent or additional damages. There are different variations of the Queens New York Conditional Limitation of Tenant Liability Good Guy Provision that may exist in lease agreements. These variations can include specific deadlines for providing notice, requirements for minimum lease duration, or limitations on the size or type of business eligible for this provision. Overall, the Queens New York Conditional Limitation of Tenant Liability Good Guy Provision is a valuable tool for both commercial landlords and tenants. Landlords can attract reliable tenants who may have concerns about long-term lease commitments, while tenants can have peace of mind knowing they won't face excessive financial burdens if they need to terminate their lease early under certain conditions. Keywords: Queens New York, conditional limitation of tenant liability, Good Guy provision, commercial lease agreements, protection, surrender, unpaid rent, lease term, "Good Guy" tenants, advance notice, vacating premises, compliance, limitations, lease agreement, liabilities, damages, lease commitment.
