Development Rights Clauses (Office Lease) (NY) | Practical Law
Standard Clauses for use in a New York office lease. These Standard Clauses establish the landlord's rights to a zoning lot merger or a transfer of development rights (such as air rights) and provide for the subordination of the lease to a future condominium under Article 9-B of the New York Real Property Law. These Standard Clauses have integrated notes with important explanations and drafting tips.