Bicycle Room Agreement
This agreement, made this _______day of
_________________, 200__, between London Terrace Towers Owners, Inc., hereafter
referred to as the “Landlord”, and _____________________________________ residing in Apartment _______ at _____________________________________, hereinafter referred to as
the “Tenant”.
Witnesseth, that the Landlord has agreed to let the Tenant
store its bicycle in the basement of the premises known as 410 West 24th
Street, New York, New York, in the space described as the Bicycle Room pursuant
to the terms established by the Landlord for the use of the Bicycle Room. Said Bicycle Room shall be solely for the
use of the Tenant and other residents of London Terrace Towers. It is understood that should Tenant move out
of London Terrace, this Agreement shall terminate automatically.
1. The Landlord or
Landlord’s agents shall not be responsible for any damage to Tenant’s bicycle
stored in the Bicycle Room nor any loss by fire, theft or other hazard.
2. It is understood
and agreed that Tenant shall keep and maintain insurance on any and its bicycle
being stored in the Bicycle Room and that the Landlord shall not be responsible
to maintain insurance on the Bicycle Room.
It is further understood and agreed that Tenant stores his/her bicycle
at his/her own risk should Tenant choose not to keep and maintain
insurance. Tenant agrees to indemnify
and hold harmless from any loss, damage, or expense caused by Tenants’ use of
the Bicycle Room.
3. In case of damage
to the Bicycle Room by fire, the Landlord shall have the option as to whether
it will cause the damage to be repaired, but if the basement be destroyed or so
damaged that the Landlord shall decide it inadvisable to repair, the Agreement
shall cease and terminate.
4. Tenant shall not
assign this Agreement or permit the Bicycle Room to be used by any other person
except Tenant without the written consent of the Landlord in each instance.
5. Any notice which
the Landlord may desire to or be required to give to Tenant shall be
deemed sufficiently given if in writing delivered to Tenant
personally or sent by mail to the Tenant at the address in this agreement. Any notice by Tenant to Landlord must be
served by registered mail addressed to the Landlord at the Management Office.
6. The covenants, conditions and agreements
contained in this Agreement shall bind and inure to the benefit of the Landlord
and Tenant and their respective heirs, distributes, executors, administrators,
successors and except otherwise provided in this Agreement, their assignees.
This agreement can not be changed orally. The Tenant acknowledges that only certain
items may be stored in the Bicycle
Room and agrees that Tenant’s retention of a bicycle in the Bicycle
Room that is a violation of the New York City Fire Code
will be cause for the Landlord to terminate this
Agreement.
7. In the event
Tenant breaches any of the terms, covenants or conditions of this Agreement, or
in the event of any dispute, claim or
controversy relating thereto, Tenant shall pay Landlord
or all its expenses actually incurred, including attorney’s fees resulting therefrom
and from any ensuing litigation.
8. The Tenant acknowledges that it has no
proprietary right to the Bicycle Room and the Tenant’s right to use the Bicycle Room terminates on
the termination of this Agreement or the Tenant ceasing to reside in the Apartment.
9. Landlord shall
have the right to terminate this Agreement at any time on ten (10) day notice
to the Tenant.
10. Upon the termination of this Agreement, Tenant shall
remove its bicycle from the Bicycle Room.
Landlord shall have the absolute right to enter the Bicycle Room and
remove and dispose of the Tenant’s bicycle.
Landlord shall have no responsibility or accountability for bicycle removed
from the Bicycle Room. Tenant shall pay
all costs relating to the removal of the property in the Bicycle Room.
11. Tenant agrees that they shall use only space number
______ as assigned by the Management Office.
Tenant agrees that this space number shall be visible on their bicycle
at all times when in the Bicycle Room.
12. Tenant agrees to pay a monthly fee of $10.00 per
month. Tenant agrees that the Landlord,
with thirty (30) days notice, has the
absolute right to change the amount as it sees fit to do so. Tenant further agrees that this amount shall
appear on the monthly maintenance bill and be payable at the same time.
In Witness Whereof, the Landlord and Tenant have
respectively executed this Agreement as of the day and year first above
written:
LONDON TERRACE TOWERS OWNERS, INC.
By:______________________________________
Tenant:___________________________________
WITNESS: _____________________________
WITNESS:______________________________
cc: Bicycle Room file
Tenant file
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