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.