Preview
FILED: NEW YORK COUNTY CLERK 02/02/2018 02:41 PM INDEX NO. 650537/2018
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 02/02/2018
la between
Agreement of Lease, made as of this day of March,2017,
HOUSTON ST aNew York limited company,
liability with an address at elo P.0,
Box 1847
157 EAST LLC,
referred
part, hereinafter to as OWNER, and CALLE CATORCE,
Paramus. New Jersey 07653,party of the first
limited with Street, New
an address at 157 East Houston York, New York
LLC, a New York company,
liability
of' L«"
of the second part, hereinafter
10002, party referred
to as TENANT,«
and Tenant
leases to Tenant hereby hires
from Owner floor
the store on the ground in
Witnesseth: Owner bereby
known of New
Street, in the Borough
as 157 East Houston York, Cityof New York, for the term of
the building
(or sooner cease and expire as hereinafter
such term shall
until provided),to commenceon the 15'
five (5) years
28* both dates at
inclusive,an annual rate
rental
day of March,20f7, day of February,
and to end on the 2)! 2022,
attachedschedule whichTenant agreesto inlawfulmoney ofthe United shall be
States which
as perthe pay
of' in equal monthly
of all debts and dues, public
legal tender in payment at the time of payment,
and private,
of Owner
said term, at the office or such other place
in advance
installments day of each month during
on the first
as Owner without setoffordeductionwhatsoever.
may designate, any
Tenantshall
of the term of this lease, or thereafter, in the
be in default
In the event that, at the commencement
pursuantto the terms of another Owner
lease with Owner's
or with predecessor in
payment of rent to Owner
optionand without «imount of such arrears to any'
to Tenant add the arnount
notice any
Owner
interest, may at Owner's
hereunder
of rent payable
installrnent and thesame shallbepayableto Owner rent.
as additional
monthly
The for
parties hercio, their
themselves, executors,
heirs, distributes, legal representatives,
administrators,
successors and covenant
«Irid assigns, hereby as follows:
I Tenantshall pay the rent as provided.
«Lsabove anti as hereinafter
Rent othe!' purpose
2. Tenantshalluseand occupy and for no other
the premises as a tapas restaurant
Occupancy
'I' timesconduct business
its inahigh gradeandreputablemanner,shallnot Article
violate 37
Tenant shall at all
hereof. keep show windows
and silall and signs in a neat and clean condition.
Attu½ns: 1 TeamtsiWInakenochanges
in ccto thetheremesandapportenances
andthesidewabadjacent
therein, tizrete.
demised of enynamewiGom
premises Owners andatitssolecr4tamiexpense,
makedi non-stmetural
rcFanthretoas
p„ul'wünescment. Sob}rct
priot tothepriorwMeaenscmofOwnec
and andwho needed themingoodworking
topreserve orderandcondition,
ofthisarticle,
10thepmvWens atTeam'sexpense,
Tenant, maymake masonable anddamage
wearandtear,obsdescencefrontthedements,
aftermions, whidtam non-
impmtements
installationaddiúomormili<)' ruecr A
will notbeliabicforanysuchdamage
agents byodertenants
caused or
penonsin. uponcr abowsaididMing,or caused
by operations
in Assignment, IL Tennt, for itsdf. im hers.gastnbres.
constmaion publicorquast
of anypdvate, publicveritTenetagentat
Alertgage, executorn
admhtistratskgarrepreantatives,
hants so!ccostad expense,
toreintainconunercid
genend
Dability Ege.: successors
ad assigns covenants
expressly tht it
forminfavorofOwner
imusceinstandard andTenant for
agrdstdams or encumber
shallnot amiga,mongage this
injuryor dea6or popenydamagein or uponthe
eccurrety apeemeAactundeden,
orsufferorpermitdedemised
pemises
or any
dendsed nomthe(bteTenam
pemismeffective we poeessen
enters of parttherceftobeusedby others,
v on thepier wrmenconsrm
of
anddudog6'
theAmisedpremises thetermof naskase,5úchinsurance
Owner insumce.
ineach Transferof eithesteel:of
themajcdry acorpoeme
3hEllhein aha 0U81
ARD
WilbeGrÙCG to 6!e wher.3UDI
DCCep¤blC hdDjÛrthe
WilyÃŽ greitmanypatine$hip0rOthBr
e CGtyW e
shallbedelivered
policyorpolicies to&cOwner. tkfauhin
OnTenan's istenant
shallhedeemed
anassignment.
If ddslease
beassigned,
orif tie
obtdhg ordelivering cr failurefo payse
anysuchpolicyorpolicies demned
prendses
oranypetthereof
beumkdet
croccupied
byanybody
hrefore,Ownermaysecem
clarges or payth charges
for anysuch edketrenttwm
oAerthenhani, Ownermay,aSetdefackbyTenam,
andchars
policyor poUcies a Tenantre additiona!
temtherefoe th assignee.nderwenantas opplydenetamount
oreccepet, collected
andraveharmless
hant shallindemnify Owneragdastandfromagto the renthereinregreed,but no suchassigmnegunderletúng
obligations.
llabilines. damages. daims.costs
penakies. for
andexpmses orcollezion
ocenpancy shallbedeemed of h covenant.
awaiver orSc
shall
Owner
."hallnotbereimbursedinckdingmsonabk
byinsurance. accepece
ofmeassignee,
ader4enam
oroccupant
menant,orardease
orincereds"
asa reachof anybreshby
atmmeyffees.paid.suffered ofTeamfam byhant ofcovenants
efmeerperfummace onthepart
Tenants
Tenam; conutests,
agent. employees, or licemees,
invitees, of ofTenant
herein
contained.
Theconsent toanasiptmentor
byOwner
mycovenant ofdasknseorbythecueleseennegligence
oncondition shallnotin anywaybeconstmed
umkrietting Termat
to relieveimm
or impmperconductof meTenam,Teant'sagents,
contactors,obedengtheexc 5 consom
m wruingof Ownerto any funhr
invitees
employees, orlicensees thislease
extends
hant's liabilkyunder ortaserktting.
asignment
of anysubtems.andanyagertcomractor.
themn andomissions
invilecceIkemeeof my attenant In caseanyacionor
employee, Electrie 11 Rmesand condhionin respectco
against
isbrought
proceeding Owner ofed sch claim,TemnL
byreason Current-
uric!>n subnetedne
orrentinehsion,
asthecasemay
uponwduen fromOwer,will,atTermers
notice resist
expeme, ordefend be.mbeadded hereto.hant
anached
inRIDER
suchac6on apprtwed
bycaumel
orpmeceding byOwnes Juth
in wñnag ~ thatatalltimesitst)seof'
coenetsandagrees of
oppmval withhdd.
nottoheunreannably docuitcoritat:hdi notexceed
thecapacity
of exis6ng
feeders
tosk
tmilding andTenant
cr therisersorwirinpostalldon,
my acten any
DestrucEkn, 9,) If at denasedoranypan0mrof
premiscs electricS
equipment
widch,in ophion.reasonabic
Öwners wÃil
exercised.
byGreorethercasedy,
shallbedamaged Tenent suchimlahionsor interimwidttheusethereof
ovedoad by o±ec
tmuOther shallingnedime
give notice
themof and
faOwner ofthebdiding.
tenants Thechange
atmy úmeofthecharacter
ofelectñc
Counity: miskeshallcontinue
in fugforceendeffect
service
±all innowaymakeOwner
liableorresponsible
toTems,for
except
5 he:einafter
setfedL (b)lf h
demised mylem&avages Wúch
orexpensesTeammaysustain.
premisean-
mcpaidy damaged patiallyunumbb
a rendered by fimw
o ercasuakyAdamaps byandor6 .exp~"
acremshallberepêred expenw access
en 13.Owneror
Owner's
agems theright
shdhave
andthearntawoøeritems
ofOwner, rem.tmtilsuchrepde
ofad6tlanal Prembeg (betshe notbeobligated)
toentermede:rdsed
ad 4 sub>!a!'PJXB)'shallbeeppationed
compkted,
substandaUy ftumtheday pemises manytime,cad,at
in anyemergency
thecasualty
following tothepartofacdentised
according premises
which uses,toexcimeec saneandtomakesuchrepairs,
mherreasonobk
metady damaged
isusable.(c)if thedemised
premises orrendered replacemems
andimprovements and
asOwnermaydeemnecessay
thenthenotad otherhems
whollyunmhk byfimorothercasuahy, of desimble
reasonably ofthebuilding
toanyportion orwidthOwner
may
rentashereinafter
additional shallbepsywdomncly
expmstyprovided in thedemised
electtoperform. folloéinghant's failureto
premises,
paiduptothethneofthecasualty
andthenceforth
shecease
edi thedate makereperscrperfoon
anyworkwhkhTenam toperform
isobligated
whenthedemisdpmmises
thughavebeenrepaired
andstand by underdunlease. of complying
orforthepurpose whhlaws,tegulations
Owner(orsoonce
rececupied
in pastby thehent
&enrentshe be andotherdimedons
of govemmemrd shallpermit
authodlietTenant
asprovided
r,ppartioned insubscecon
th)abovelsubject
toOwner's
right osmertouseandmaintain
andrephee
ppesandconduia
inandthenugh
thesame
toclectnouoceswe ashereinafter If Godemised
provided.(d) thedemised andtoerectnewpipes,
premises andconduits
ducts, therein,
premites
arerendered
v4m8yamisable
or(whether
ornotde demised provided
theyereconceded
witfdaOtewds, floorsorceilin wtmever
pmasses in wlmleorin part)if thebuildingy
aredamaged shagbeso poeticabk.
Owner
may,dwingee mgress ademised
of anyworkin
damaged it ortorebad it theftin
thatOwnerabolideddetodemolish takeall necesmy
premises, andequipment
materia.5 imosaidpremises
anyof wchevents, thislease
Ownermayelecttotermirate
by written thesame
without norshd thehant beemitted
contiumganeviction.
nmice
tohant given or30days to anyabMemem
within90daysaftersuchfiree casachy of rentwhilesuchwedtis in progress.
norto ety
tment
der adjus claimforsuchfireorcasualty.
oftheinsurance whicker damagesby reasonof
toss or imenopúonof
busincuor
issooner, ofthekase.wluchduesidi
adatefwtheaspiration
specifying .'1 tennhe>cot'
otherwiseTamaghoaula Owner
hemof shalthavetherighttoeater
thedam
notbemore an60daysafterthegivingofsuchnotke.redupon preshes
thedemised imoirforthepurpose
atreasamble the
of showing
specified V. fullyand
.p.au!edinsuchnmicethe,termof0üslease
shallexpireas sametoprospective onnortgagees
purchams oftheoilding,andduring
datewerededatesetforthabove
asif seek
completely thekstsixmonths
forth termiration of the1erm of during thesame
forthepmpose to
h
of thishasead ham shd fanhwithquit avenderandvacate
pmspective pheewpon
andmay.duringsaidsmmonths
tenams, period,
demised to Ownersrightsand
pemiseswithoutprejudice
however. thedemised theusualnotice"to Let"andPorSalc which
premises
against
remedies provisiors
underthelease
Tenant ineffectpdortosuch hant
nodees dan pemútto emainthereon
wiaootmoksetion.
fi
termination. hat is notpesemto openandpemútancary intothedemised
andanyrentowingshallbepaiduptosuchote andony
whichwereonzecount
paymessof mmnudebyTenant of anyperiod Owner
prentises, tnayenterth same
orOwnersagents whenever
such
tosuchdateshalibetemmed
subsmoent toTemmLUnless
Ovmer
shall or permissible,
entryarsiy4 itecessay 4y master ad
keyor forcibly,
serve
a terminadon
notice
aspmvided
forherein,shallmakethe
Owner masonable
provided careisexercised
to rdTenant's
property.such
andrestorations
repahs theconditions
under entryshallnotrender
of(b)and(c)herectwithall owneror li
itsagents norinan,event .
therefore,
masonable
expedition todehysdueto mfpstment
subject of inwrance ofTensehereunder
shalltheobHgatica beaffected.
If during&
fast
beyond
andcauses
chims.hikertroubles comfol.
Owners Afternaysuch monthof metermhant shallhaveremmed
allor aubstambdly
allof
hant shancooperate
easualty. withOwnce's
restonsion
by removing Tenant's Ownermayimmediately
propertytheæfrom, enter,alter.
fromthe semises asreasonably
aspmmptly d of Tenant's
possible, renovate Oc demised
or redeconne premises
widentlimitationor
e inventwyandmovabic
salvageah fersum andother
equipment, abatemem liabilkytoheat foranycompensation.
of rem.or incurring
Mbilityforrenuhallresume
property.Tenat's andsuchactshd havenoeffectonthislease
five($)daysafterwritten obhgations
or Tenant's
nonce pemises
thatthedemned
fromOwner for
mesubstantially Ownershallhavetherightat anytime,withoutthesame
heretmdet
(c) Nothingcontained
hant's occupancy. shdrendy
hereinnboveredeve aneviction
constimting andwithout lrabilit tohatit Gettfom
incurring
fromfireorother
ham ñomtiabilityentmayexistasaresuk
ofdornage to chamge and/orlocationor publicemrances.
the arrangement
pana demways.
gewagdoors, coniders, toikts,orother
ekvatorsatant
totweddw!
Adder if Aeew>wy
FILED: NEW YORK COUNTY CLERK 02/02/2018 02:41 PM INDEX NO. 650537/2018
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 02/02/2018
publicpansof the building.andto clump themme.numberor
of
Remedies 18. In careof eny suchdefeaR,
re-entry,
desgnation mayk known.
bywhkhthebuilding Owner
as expim6onand/ordispossess
by summary
of proceedings (a) the rent,and
or othenvise.
Watt, 14.Novault5,
vaukspace
orarea, ornot
wheder Redemption: additimal
rentshdibecome
duethreupon
and
WattSpace, endosed
orcovered,
notwieinth pmpeny
he be paid up (a the time of suchreentry,
Arm of thebdkting,is kasedherenader.
anytidng dispossess
edforexpiranon.(b)
Owner
mayre-let& dernised
pemises
inorindicated
ecotained bluepim
onanysketch, oranyputorparts inGename
breof,either ofOwner for
orotherwise.
or plan.or any&g cománed
chewhere a termorterms,
in thisleaseto thecontrary whicitmayatOwnerscotionbelessdanorexceed
fne
nmwithsanfag.
Owner
makes
norepresentation
asmthelocodon
ofthe periodwlichwouldotherwise
haveconitiatedthebehnee
of theterm
lineoftk buildingAli vauhs
propeny andvaultspace
nr4allsuchareasof edskase,andmaygrantconcessicas
orfreerentcrchug aIñgher
notwi de property
kneof thehoBdingwhichhut
mayle rentaldan6tin thishase,
amf/or
(c)Tenant
orthekgaltegesentadves
touseand/or
permited occupyis tobeusedand/otoccupied
undera ofTenant
shallabopayOwner.
asfiquidated forthefailmeof
damages,
revaceble ardif anysuchlicense
liceme, berevoked,
orif theamount
of Tenant
toobserve
andperform