Bronx New York Paid Up Lease Pooling Provision

State:
New York
County:
Bronx
Control #:
NY-OG-001
Format:
Word; 
Rich Text
Instant download

Description

This form is a New York Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease is a paid up lease and provides for pooling.

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FAQ

This year, the rules say rents can be increased by last September's Consumer Price Index (CPI), plus an extra 1%. The CPI is a common measure of inflation and in September 2021 was 3.1%. This means that most rents will increase by 4.1% from April 2022.

Generally, in New York City, for a hotel, Single Room Occupancy Hotel (SRO) or rooming house to be subject to the Rent Stabilization Code (RSC), it must have been constructed on or before July, 1969, and contain six or more housing accommodations. This universe contains Class A and Class B Multiple Dwellings.

The Tenant Protection Act of 2019 (AB 1482) restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. For increases that take effect on or after Aug. 1, 2022, due to inflation, all the applicable CPIs are 5% or greater.

No limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more. advance written notice. This applies to month-to-month tenants without a lease as well.

Single-room occupancy housing, or more commonly called SROs, exist throughout New York City. Most of these dwellings contain single rooms without a bathroom, kitchen, or shower, as such facilities typically reside on another side of the floor in a shared capacity.

Sure, there may be the occasional landlord (usually smaller landlords) or individual coop or condo owners who would love to take you up on your offer to pay the whole year upfront. But more experienced landlords won't accept this kind of arrangement.

Welcome! In New York City, it's pretty much what you see is what you get. Landlords are required to supply heat and water, so there are rarely extra charges for those. Most landlords provide gas, and a few even include electricity ? especially in older buildings where there is just one meter.

SRO Housing: A residential property that includes multiple single room dwelling units. Each unit is for occupancy by a single eligible individual. The unit need not, but may, contain food preparation or sanitary facilities, or both.

For one-year increase periods commencing on or after October 1, 2022 and on or before September 30, 2023: 3.25%

No limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more. advance written notice. This applies to month-to-month tenants without a lease as well.

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Bronx New York Paid Up Lease Pooling Provision