In regards to any questions about rent concessions as per the language of all 80/90 Maiden Lane leases,
No concessions are to be granted due to Super Storm Sandy. Please look to Article 29 (Property Loss, Etc.) As well as these highlights listed below.
Article 3
Section: 3.05 - of tenants' lease clearly states "Except to the extent expressly provided to the contrary in this Lease, Base Rent, and any Additional Rent (collectively, "Rent") shall be paid to Landlord/ without abatement,deduction or setoff of any kind whatsoever"
Article 11
Section 11.01 -" If the Demised Premises or any part thereof shall be damaged by fire, or other casualty......"-etc.
(NO TENANT'S SPACE WAS DAMAGED BY FLOODING)
Please refer to your own leases to see clarification of this matter. All rents are to be paid as per the lease agreement.
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