Clause Dealing with Limitations on Use
Understanding this form
The Clause Dealing with Limitations on Use is a legal document typically found in commercial office lease agreements, particularly in older buildings in areas like Wall Street, Manhattan. This form outlines the specific purposes for which a tenant may use a leased space, preventing activities that could disrupt the propertyâs intended use or create significant pedestrian traffic. It helps ensure that tenantsâ businesses do not negatively impact the premises' character or surrounding environment, distinguishing it from more general lease agreements.
Main sections of this form
- Defined Permitted Uses: Outlines the specific business activities allowed on the premises.
- Restrictions on Certain Businesses: States prohibited business activities, including retail banking and food services.
- Tenant Representation: Includes a clause where the tenant declares their current business activities.
- Conditions for Allowed Activities: Specifies acceptable uses, such as limited food preparation in a pantry.
- Exceptions: Notes permissible uses in conjunction with the tenant's business operations.
When to use this form
This form should be used when drafting or reviewing an office lease for commercial properties where the landlord desires to limit the types of businesses that can operate within the premises. It's particularly relevant for landlords and tenants in urban areas where space usage impacts neighboring businesses and foot traffic. If you want to ensure that the tenant's activities do not interfere with the building's purpose or disrupt the local environment, this form provides the necessary legal framework.
Who should use this form
- Commercial landlords looking to impose specific restrictions on lease usage.
- Business tenants who want clear guidelines regarding what activities are permitted in their lease.
- Real estate attorneys drafting lease agreements for clients in commercial properties.
- Property managers overseeing commercial buildings in densely populated areas.
How to prepare this document
- Identify the parties involved: Name the landlord and tenant clearly.
- Specify the premises: Clearly describe the property and its intended use.
- List permitted uses: Define what business activities are allowed on the premises.
- Include restrictions: Detail any activities that are prohibited to prevent legal issues.
- Sign and date the agreement: Ensure both parties complete the form with signatures and the date.
Does this document require notarization?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define permitted uses, leading to disputes later.
- Not including all necessary restrictions on business activities.
- Ignoring local laws that may affect usage restrictions.
Benefits of using this form online
- Convenience: Download and complete the form from anywhere with internet access.
- Editability: Easily modify the document to suit specific lease agreements.
- Reliability: Each form is drafted by licensed attorneys to ensure legal validity.
Legal use & context
- This clause is legally binding and enforceable, provided all parties understand its terms.
- Limitations on use help preserve the buildingâs intended character and avoid potential conflicts among tenants.
- Legal interpretation may vary, so consulting a real estate attorney is recommended.
Quick recap
- The Clause Dealing with Limitations on Use is vital in commercial leases.
- Clearly outline permitted and prohibited uses to avoid disputes.
- Consult local laws and consider legal counsel to ensure compliance.
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FAQ
A limitation of liability clause (sometimes referred to simply as a liability clause) is the section in a contracted agreement that specifies the damages that one party will be obligated to provide to the other under terms and conditions stipulated in the contract.
A limitation clause, also called a limitation of liability clause, is a stipulation in an agreement that helps ensure that a company is not held liable for more than they agreed to be responsible for.
To Benefit from a Limit of Liability, You Have to Breach That doesn't mean the limit of liability does the indemnitor no good. It can take advantage of the limit, but only if it breaches the contract. If it refuses its indemnity obligations, the limit of liability restricts the other party's damages for that breach.
Limitation of liability clauses are a useful way of balancing the risk between parties to a commercial contract. The parties can seek to limit their liability under the contract in a number of ways, often by excluding liability for certain types of loss or by putting a financial cap on liability for such losses.
In this article, "the limitation of rights" refers to situations in which laws or actions, after the commencement of the Constitution, affect the conduct and interests protected by the constitutional rights. Constitutionally valid limitations must comply with all of the requirements imposed by the Constitution.
A limitation of liability clause is a provision in a contract that limits the amount of exposure a company faces in the event a lawsuit is filed or another claim is made. If found to be enforceable, a limitation of liability clause can "cap" the amount of potential damages to which a company is exposed.
This means that a limitation of a human right may be considered lawful.A person's human rights can be limited if: The limitation applies to all people and not just one or a group of people. There is a good reason to limit the right and the limitation can reasonably be justified in society.
A limitation clause is where a party to the contract seeks to limit his liability for certain breaches of the contract. An exemption clause is the term used where either an exclusion or limitation clause has been upheld by the court.
