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Property law. A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.
Rent regulation in New York is a means of limiting the amount of rent charged on dwellings. Rent control and rent stabilization are two programs used in parts of New York state (and other jurisdictions). In addition to controlling rent, the system also prescribes rights and obligations for tenants and landlords.
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Contract law. A hell or high water clause is a clause in a contract, usually a lease, which provides that the payments must continue irrespective of any difficulties which the paying party may encounter, usually in relation to the operation of the leased asset. The clause usually forms part of a parent company guarantee that is intended to ...
The law. Under the traditional common law doctrine, the 99-year term was not seriously litteral, but merely an arbitrary time span beyond the life expectancy of any possible lessee (user) or lessor (owner). [1][2] William Blackstone (1723–1781, of Commentaries on the Laws of England fame) states that a lease was formerly limited to 40 years ...
The Chatwal New York, originally the Lambs Club Building, is a hotel and a former clubhouse at 130 West 44th Street, near Times Square, in the Midtown Manhattan neighborhood of New York City. The building was originally six stories high and was developed in two phases as the headquarters of the Lambs , a theatrical social club.
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