This office lease clause states that the tenant shall be entitled to a conditional rent credit against each monthly installment of fixed rent payable during such rent credit period, but during such rent credit period the tenant shall otherwise be required to comply with all of the other terms, covenants and conditions of this lease on the tenant's part to be observed and performed, including but not limited to, payment of any increases in fixed as long as the tenant is not in default.
The Kings New York Rent Abatement Clause is a crucial provision that provides landlords with a remedy and damages in case of certain circumstances. This clause serves to protect the landlord's interests and ensure that they have recourse in certain situations that may affect their rental property. One type of Kings New York Rent Abatement Clause is the clause that covers damages caused by the tenant. This clause typically allows the landlord to seek an abatement of rent if the tenant has caused damage to the property, either intentionally or through negligence. Under this provision, the landlord can deduct the cost of repairs from the tenant's rent, ensuring that they are compensated for the harm caused to the rental unit. Another type of Kings New York Rent Abatement Clause is the clause that addresses necessary repairs or maintenance performed by the landlord. In the event that the property requires substantial repairs or maintenance that renders all or part of the premises uninhabitable, this clause allows the landlord to temporarily abate the rent until the necessary work is completed. This provision ensures that the tenant is not paying for a property that they cannot fully utilize or enjoy. Additionally, the Kings New York Rent Abatement Clause may also include provisions for events beyond the landlord's control, such as natural disasters or government interventions. In such cases, if the rental property becomes unsuitable for occupancy due to factors like fire, flood, or other significant events, the clause allows the landlord to temporarily suspend or reduce the rent until the property is restored to a livable condition, easing the financial burden on both parties during these challenging circumstances. The purpose of these different types of Kings New York Rent Abatement Clauses is to provide clarity and protection to both landlords and tenants, ensuring a fair resolution in cases of property damage, necessary repairs, or force majeure events. By including these clauses in rental agreements, landlords can actively safeguard their property investments while tenants can be assured of their rights and remedies in various situations.The Kings New York Rent Abatement Clause is a crucial provision that provides landlords with a remedy and damages in case of certain circumstances. This clause serves to protect the landlord's interests and ensure that they have recourse in certain situations that may affect their rental property. One type of Kings New York Rent Abatement Clause is the clause that covers damages caused by the tenant. This clause typically allows the landlord to seek an abatement of rent if the tenant has caused damage to the property, either intentionally or through negligence. Under this provision, the landlord can deduct the cost of repairs from the tenant's rent, ensuring that they are compensated for the harm caused to the rental unit. Another type of Kings New York Rent Abatement Clause is the clause that addresses necessary repairs or maintenance performed by the landlord. In the event that the property requires substantial repairs or maintenance that renders all or part of the premises uninhabitable, this clause allows the landlord to temporarily abate the rent until the necessary work is completed. This provision ensures that the tenant is not paying for a property that they cannot fully utilize or enjoy. Additionally, the Kings New York Rent Abatement Clause may also include provisions for events beyond the landlord's control, such as natural disasters or government interventions. In such cases, if the rental property becomes unsuitable for occupancy due to factors like fire, flood, or other significant events, the clause allows the landlord to temporarily suspend or reduce the rent until the property is restored to a livable condition, easing the financial burden on both parties during these challenging circumstances. The purpose of these different types of Kings New York Rent Abatement Clauses is to provide clarity and protection to both landlords and tenants, ensuring a fair resolution in cases of property damage, necessary repairs, or force majeure events. By including these clauses in rental agreements, landlords can actively safeguard their property investments while tenants can be assured of their rights and remedies in various situations.
