EFTA00794812.pdf

Account No. 121- LEASE OF A CONDOMINIUM UNIT The Landlord and Tenant agree to lease the Unit and Landlord's interest in the Common Elements located in the Condominium at: 301 EAST 66111 STREET. NEW YORK. NY 10065. LANDLORD: 301/66 OWNERS CORP. TENANT: C/O OSSA PROPERTIES, INC. 301 EAST 66TH STREET, IsT FLOOR Address for 301 EAST 66TH STREET, APT# NEW YORK, NY 10065 Notices NEW YORK, NY 10065 Unit (and terrace, if any) Garage space(if any) N/A Bank: NEW YORK COMMUNITY BANK. 102 DUFFY AVE. HICKSVILLE. NY 11801. Lease date: Tenn: Yearly Rent: Broker* Beginning: Monthly Rent: 5 Ending: Security Deposit: Tenant's Insurance: 5 Additional Deposit: Declarant of Condominium• (Declarant) Name of Condominium: 301 EAST 66TH STREET CONDOMINIUM ASSOCIATION (Declaration) I. Lease is subject and subordinate This Lease is subject and subordinate to (A) the By-Laws, Rules and Regulations and Provisions of the Declaration Establishing a Plan for Condominium Ownership of the Premises and (B) Powers of Attorney granted to the Board of Managers, leases, agreements, mortgages, renewals, modifications, consolidations, replacements and extensions to which the Declaration of the Unit are presently or may in the future be subject. Tenant shall not perform any act, or fail to perform an act, if the performance or failure to perform would be a violation of or default in the Declaration or a document referred to in (B). Tenant shall not exercise any right or privilege under this Lease, the performance of which would be a default in or violation of the Declaration or a document referred to in subdivision (B). Tenant must promptly execute any certificate(s) that Landlord requests to show that this Lease is so subject and subordinate. Tenant authorities Landlord to sign these certificate(s) for Tenant. Tenant acknowledges that Tenant has had the opportunity to read the Declaration of Condominium Ownership for the Condominium, including the By- Laws. Tenant agrees to observe and be bound by all the terms contained in it which apply to the occupant or user of the Unit or a user of Condominium common areas and facilities. Tenant agrees to observe all of the Rules and Regulations of the Association and Board of Managers. 2. Lender Changes Elements. Landlord may borrow money from a lender who may request an agreement for changes in this Lease. Tenant shall sign the 5. Failure to give possession agreement if it does not change the rent or the Term, and does not Landlord shall not be liable for failure to give Tenant alter the Unit. possession of the Unit on the beginning date of the Term. Rent shall be payable as of the beginning of the Term unless landlord is unable 3. Use to give possession. Rent shall then be payable as of the date The Unit must be used only as a private residence and for possession is available. Landlord will notify Tenant as to the date no other reason. Only a party signing this Lease and the spouse and possession is available. The ending date of the Term will not change. children of thus party may use the Unit 6. Security 4. Rent, added rent Tenant has given security to Landlord in the amount A. The rent payment for each month must be made on the stated above. The security has been deposited in the Bank named first day of that month at Landlord's address. Landlord need not above and delivery of this Lease is notice of the deposit. If the Bank give notice to pay the rent. Rent must be paid in full and no amount is not named, Landlord will notify Tenant of the Bank's name and subtracted from it. The first month's rent is to be paid when Tenant address in which the security is deposited. signs this Lease. Tenant may be required to pay other charges to If Tenant does not pay rent on time, Landlord may use the Landlord under the terms of this Lease. They are called "added rent". security to pay for rent past due. If Tenant fails to perform any other This added rent is payable as rent, together with the next monthly term in this Lease, Landlord may use the security for payment of rent due. If Tenant fails to pay the added rent on time, Landlord shall money Landlord may spend, or damages Landlord suffers because of have the same rights against Tenant as if Tenant failed to pay rent. Tenant's failure. If the Landlord uses the security Tenant shall, upon Payment of rent in installments is for Tenant's convenience only. If notice from Landlord, send to Landlord an amount equal to the sum Tenant defaults, Landlord may give notice to Tenant that Tenant may used by Landlord. At all times Landlord is to have the amount of no longer pay rent in installments. The entire rent for the remaining security stated above. part of the Term will then be due and payable. If Tenant fully performs all terms of this Lease, pays rent B. This Lease and the obligation of Tenant to pay rent and on time and leaves the Unit in good condition on the last day of the perform all of the agreements on the part of Tenant to be performed Term, then Landlord will retum the security being held. shall not be affected, impaired or excused, nor shall there be any If Landlord sells or leases the Unit, Landlord may give the apportionment or abatement of rent for any reason including, but not security to the buyer or lessee. In that event Tenant will look only to limited to, damage to the Unit or inability to use the Common the buyer or lessee for the return of the security. The security is for EFTA00794812