Basement Space Clause Samples

Basement Space. Tenant shall be entitled to use the basement of the Building for a total (gross) rent of $5.00 per square foot per year. The term for leasing such space shall be on a month to month basis and shall be based on the number of square feet in the basement that Tenant is actually utilizing from time to time. In this regard, Tenant shall submit, together with its monthly rent payment, an estimate of the approximate number of square feet of basement space that it is utilizing for the month in question. Rent for the basement shall be payable at the same times and in the same manner as Base Rent is payable with respect to the balance of the Premises. Landlord agrees that, irrespective of the number of square feet utilized by Tenant from time to time, Landlord shall not lease (or allow any other party to use) any portion of the basement of the Building during the term of this Lease including any extensions or renewals thereof (i.e., the entire basement shall be reserved for Tenant's use subject to the rental provisions described above); however, Landlord shall have the right to use any portion of the basement for storage and related purposes not required by Tenant upon notice to Tenant (it being further understood that Landlord shall promptly vacate any such portion of the basement used by Landlord if Tenant desires that space for its use). If any third party tenant has access to the basement, Landlord shall take reasonable steps to ensure that ingress and egress to the basement shall be provided in such manner so as not to comprise Tenant's security both with respect to the Premises and the basement.

Basement Space. (a) Tenant shall have the right to use the space identified on Exhibit M attached hereto as "200 SQ. FT. FOR TENANT #1 OIL TANK" (the "Basement Space") located on the B-2 level of the Building for the purpose of installing and operating a fuel tank servicing the Generator not to exceed 900 gallons in capacity. Landlord shall make available to Tenant adequate shaft space to accommodate a fuel oil riser running from the Basement Space to the Generator. The installation of the fuel tank shall constitute an Alteration and shall be done in compliance with Article 5 hereof. Landlord shall designate a suitable location for the terminus of the fill and vent lines to connect the fuel tank to the outside of the Building, which fill and vent lines shall be installed at Tenant's sole cost and expense. Notwithstanding anything to the contrary contained herein, Landlord shall not be required to provide any services whatsoever to the Basement Space. Tenant shall be entitled to tap in to the existing lighting circuit for convenience lighting purposes. Tenant shall install and maintain a fire wall between the fuel tank and adjacent equipment in the B-2 level of the Building, a fire-rated ceiling in the Basement Space, and ventilation in accordance with Laws, in each case subject to Landlord's reasonable approval. All electric service shall feed off the supply of electrical energy furnished to the Premises, as provided in Article 3 hereof. Tenant shall maintain the fuel tank in good working order. The installation of the fuel tank shall be subject to the consent of Overlandlord, to the extent required pursuant to the terms of the ▇▇▇▇▇▇▇▇▇. (b) Tenant, at Tenant's expense, shall comply with all Laws relating to Tenant's repair, maintenance and operation of the fuel tank installed by Tenant pursuant to the provisions of this Section. Tenant, at Tenant's expense, shall secure and thereafter maintain all permits and licenses required for the installation and operation of the fuel tank, including, without limitation, any approval, license or permit required from the New York City Fire Department and Department of Buildings. Landlord shall cooperate with Tenant to obtain any such permits licenses at Landlord's actual, out-of-pocket cost. (c) Tenant shall obtain any additional insurance coverage in respect of the fuel tank for the benefit of Landlord in such amount and of such type as Landlord may reasonably require as is customarily obtained for owners of First-Class Office Buil...

Basement Space. Lessee hereby leases 21,027 square feet in the basement of the Building, (the "Basement Space"). Lessee shall pay on account of the Basement Space "Basement Rent" in the amount of $18.00 per square foot per Lease Year, such amount to be paid in advance in equal monthly installments in the same manner and at the same times as "Basic Rent" (as defined in Section 3.1 below). Except as otherwise expressly stated in this Lease, the Basement Space shall be deemed to be part of the Premises for all purposes of this Lease, and all rights and obligations of the parties hereunder with respect to the Premises shall apply equally to the Basement Space. Notwithstanding the foregoing, (i) the area of the Basement Space shall not be included (a) in the rentable area of the Premises for determining "Lessee's Share" pursuant to Section 5.1 below, or (b) in determining the number of parking spaces to which Lessee is entitled under Section 9.0 below; (ii) the Basement Space shall not be included in the Premises for purposes of Section 13.0 below. The Basement Space shall be used solely for an animal storage facility and for general storage by Lessee, and for no other use. Lessor makes no representation or warranty of any type concerning the permissibility of such use under applicable Legal Requirements or the suitability of the Basement Space for such use. In addition to, but not in limitation of, the provisions of the Lease relating to Lessee's use of the Premises, Lessee hereby agrees to comply with all Legal Requirements applicable to Lessee's use of the Basement Space and not to permit the emission of any objectionable noise or odors from the Basement Space. No animals, animal waste, food or supplies relating to the animals maintained from time to time in the Basement Space shall be transported within the Building except as provided in this Paragraph. Use of the freight elevator for the transportation of animals, animal waste, food or supplies between the Basement Space and Lessee's Premises on the upper floors of the Building, shall be conducted in a manner which does not unreasonably interfere with the use of the elevator by any other tenants of the Building. All deliveries of animals to Lessee at the Building shall occur after Building operating hours. At all times that animals are transported on the Land or within the Building, they shall be transported in an appropriate cage or other container. At no time shall any animals, animal waste, food or supplies relating to...

Basement Space. If any basement or sub-basement space is included in the premises demised hereunder, Tenant agrees that, notwithstanding anything to the contrary contained in this lease, such basement or sub-basement space (i) shall not be used for any purpose other than storage and (ii) shall not be sublet or used by anyone other than Tenant without the prior written consent of Landlord, which consent Landlord shall have the right to withhold for any reason whatever.

Basement Space. (a) A portion of the basement level of the Building substantially as shown darkened on the plan annexed hereto as Schedule A (the “Basement Space”), is hereby added to and shall be considered a part of the “Premises” demised under the Lease, commencing on May 1, 2010 (the “Basement Space Commencement Date”), and ending on the Expiration Date (as the same may be extended pursuant to the terms of the Lease), such that the lease of the Basement Space shall be coterminous with the lease of the balance of the Premises. (b) Tenant shall lease the Basement Space in its “as is” condition as of the Basement Space Commencement Date, it being understood that Landlord shall not be obligated to perform any work to prepare the Basement Space for Tenant’s occupancy, nor to contribute to the cost thereof. Landlord makes no representations or warranties with respect to the Basement Space. (c) Tenant’s use and occupancy of the Basement Space shall be for storage purposes only, and shall be subject to all of the terms and conditions set forth in the Lease, except as otherwise provided in this Agreement.

Basement Space. (a) Effective as of the date of the execution and exchange of this Agreement (the “Effective Date”), the space identified by batching on Exhibit B annexed hereto located in the basement of the Building (the “Basement Space”) shall be added to the premises demised under the 23rd/3rd Floor Lease. The lease of the Basement Space shall be upon all the terms and conditions contained in the 23rd/3rd Floor Lease, except as otherwise set forth herein. (b) Effective as of the Effective Date, the Fixed Rent under the 23rd/3rd Floor Lease shall be increased by [***] per annum by reason of the addition of the Basement Space, which amount shall increase on each January 1 throughout the Term of the 23rd/3rd Floor Lease, commencing on January 1, 2003, by two and one-half (2 1/2%) percent (cumulative). (c) The Basement Space shall be used solely for the purpose of housing a fuel tank, in full compliance with all applicable laws. The installation of the fuel tank, as provided in the foregoing sentence, shall be performed in accordance with all applicable provisions of the 23rd/3rd Floor Lease, including, without limitation, Article 54 thereof. (d) Landlord makes no representations concerning the condition of the Basement Space. Tenant agrees to accept the Basement Space in its “as is” condition on the date hereof. Landlord shall not be required to perform any work to prepare the Basement Space for Tenant’s use and occupancy. (e) Promptly after the date hereof and prior to Tenant making any installations in the Basement Space, Tenant shall, at its sole cost and expense, construct Building standard demising walls to separate the Basement Space from the balance of the basement. (f) There shall be no change in Tenant’s Proportionate Share or the electric capacity to which Tenant is entitled by reason of the addition of the Basement Space.

Basement Space. (a) Prior to the Commencement Date, Landlord shall, as part of Landlord’s Work (as defined below) clean up the basement of the Building and the Basement Space. (b) As part of Tenant’s Work (as defined below), Tenant shall demise and separate the Basement Space from the rest of the basement, so that the Basement Space is secured and locked and available for Tenant’s exclusive use.