Vault Space Clause (Office Lease) (NY) | Practical Law

Vault Space Clause (Office Lease) (NY) | Practical Law

A Standard Clause for use in a New York office lease. This Standard Clause provides that vault space is not included in the leased premises and that a revocation of a governmental license for the tenant to occupy vault space does not create a constructive eviction, affect rent obligations, or grant any other tenant remedies. This Standard Clause has integrated notes with important explanations and drafting tips.

Vault Space Clause (Office Lease) (NY)

Practical Law Standard Clauses w-000-8917 (Approx. 6 pages)

Vault Space Clause (Office Lease) (NY)

by Practical Law Real Estate
MaintainedNew York
A Standard Clause for use in a New York office lease. This Standard Clause provides that vault space is not included in the leased premises and that a revocation of a governmental license for the tenant to occupy vault space does not create a constructive eviction, affect rent obligations, or grant any other tenant remedies. This Standard Clause has integrated notes with important explanations and drafting tips.