In May 2023, PIA leased the Roosevelt Hotel to the New York City Health and Hospitals Corporation as part of the airline’s strategy to monetize assets and generate revenue through hospitality ventures. A $220 million agreement was reached by the stakeholders. Since then, the hotel has functione...
Still, you might have seen some landlords offering big incentives and are left wondering, “How can I break my NYC lease?” Don’t fret! Even if there are still a few months left on your lease agreement when living in an eco-friendly apartment, there may be a way out. Advertisement...
The recovery lease is entered into by an eligible commercial tenant and a property owner, where either the eligible commercial tenant or the property owner has suffered a financial hardship during the COVID-19 covered period, or both have suffered such a hardship; The recovery lease has a term...
A lease agreement, also known as a fixed term agreement, allows the tenant to rent the property for a set term. Most lease agreements are for six months or a year. The terms are unalterable during the lease unless the tenant agrees to the changes. Unlike a rental agreement, a lease do...