511 WEST 232ND OWNERS CORP.
Bicycle Room License Agreement
THIS
AGREEMENT, made this ______ day of ____________, 20____,
between 511 West 232nd Owners Corp.
(hereinafter referred to as the "LICENSOR"), and
___________________________________ residing in
Apartment _________ (the "Apartment") at 511 West 232nd
Street, Bronx, NY 10463, (hereinafter referred to as the
"LICENSEE").
WHEREAS, LICENSOR is a cooperative housing corporation
and owner of the premises known as 511 West 232nd
Street, Bronx, New York (the "BUILDING") and LICENSEE is
a tenant or resident-shareholder and occupant of an
apartment in the BUILDING; and
WHEREAS,
the LICENSOR has installed a Bicycle storage area (the
"Bicycle Room") in a portion of the Cooperative's common
area located in the Building; and
WHEREAS,
the LICENSEE desires is desirous of obtaining the
privilege to store a bicycle(s) within the Bicycle Room,
subject to the conditions hereinafter set forth.
NOW,
THEREFORE, in consideration of the covenants and
conditions herein contained, it is mutually agreed as
follows:
- LICENSOR does hereby grant unto
LICENSEE the privilege of storing ___ bicycle(s) in
the Bicycle Room for a term of twelve (12) months
commencing on the first day of _________ 20___ and
terminating on the last day of the month of _________
20___.
- That the within Agreement shall be
renewed for successive twelve (12) month periods
provided that the annual fee in effect on the
anniversary date of this Agreement is paid in full no
less than fourteen (14) days prior to the anniversary
date.
- That the within Agreement may be
terminated upon ten (10) days' prior written notice by
LICENSOR to LICENSEE upon the
violation of the terms hereof or such other rules and
regulations which may hereafter be adopted
by LICENSOR governing the use of the Bicycle Room.
- In the event that LICENSEE ceases
to be a tenant or resident-shareholder of LICENSOR,
the within Agreement shall automatically terminate as
of the date that LICENSEE ceases to be such tenant or
resident-shareholder.
- LICENSEE shall pay to LICENSOR a
fee for the granting of the within license in the sum
of thirty-five dollars ($35) per twelve (12) month
period for each bicycle, payable in advance upon the
execution hereof, and receipt of which is hereby
acknowledged. LICENSOR reserves to itself the right to
increase such fee at any time upon 30 days prior
written notice to LICENSEE.
- The LICENSEE shall deposit upon
signature of this Agreement the sum of ten dollars
($10) per key and thirty-five dollars ($35) per
bicycle as security for the faithful performance by
LICENSEE of the provisions of this Agreement, it being
understood that in the event LICENSEE defaults in
respect to this Agreement, the LICENSOR may use the
security as may be required by the LICENSEE'S default.
It is expressly acknowledged that if the LICENSEE
loses the key, the LICENSEE shall be responsible for
all costs incurred in changing the lock and issuing
replacement key(s). In the event the LICENSEE fully
complies with all of the covenants and conditions of
this Agreement, the security shall be returned to the
LICENSEE after the termination of this Agreement. The
security shall be placed in a non-interest bearing
account, which may be commingled with other deposits
of LICENSOR. If any of the security deposit is applied
by the LICENSOR, LICENSEE will remit to the LICENSOR,
within ten (10) days of such demand, a sum sufficient
to restore the security to the sum required to be
deposited hereunder.
- The LICENSOR or LICENSOR'S agents
shall not be liable for any damage to the LICENSEE'S
Bicycle(s) stored in the Bicycle Room, nor any loss by
fire, theft or other hazard. It is understood and
agreed LICENSOR shall not be responsible to maintain
insurance on the Bicycle Room. It is further
understood and agreed that LICENSEE stores his or her
Bicycle(s) at his or her own risk and is responsible
for securing the Bicycle with his or her own lock.
LICENSEE agrees to indemnify and hold LICENSOR
harmless from any loss, damage or expense caused by
LICENSEE'S use of the Bicycle Room.
- In case of damage to the Bicycle
Room by fire or other casualty, the LICENSOR shall
have the option as to whether it will cause the damage
to be repaired, but if the Bicycle Room is destroyed
or so damaged that the LICENSOR shall decide it
inadvisable to repair, this Agreement shall cease and
terminate and LICENSEE shall remove his or her
property.
- Nothing contained herein shall
limit the LICENSOR'S right to have access to or to
utilize the Bicycle Room for any purpose. The LICENSOR
may make such repairs or modifications to the Bicycle
Room without notice to the Occupant (except if the
LICENSOR needs to have Occupant's bicycle moved or
removed, in which case it may do so with 14 days
written notice), and without any abatement or refund
of the license fee.
- In the event that the LICENSEE'S
conduct shall result in damage to the Bicycle Room or
any of its contents, the LICENSEE shall pay to the
LICENSOR any and all costs, expenses and fees
necessary to repair said damage.
- The LICENSEE acknowledges that he
or she has no proprietary right to the Bicycle Room
and the LICENSEE'S right to use the Bicycle Room
terminates on the termination of this Agreement or the
LICENSEE'S ceasing to reside in the Apartment.
- Any notice which LICENSOR may
desire to or be required to give to LICENSEE shall be
deemed sufficiently given if in writing delivered to
LICENSEE personally or sent by mail to the LICENSEE at
the address in this Agreement. Any notice by LICENSEE
to LICENSOR must be served by Registered or Certified
Mail addressed to the LICENSOR at 511 West 232nd
Owners Corp., c/o Veritas Property Management, LLC,
1995 Broadway, Suite 201, New York, NY 10023.
- The LICENSEE acknowledges that
only a bicycle may be stored in the Bicycle Room and
agrees that the LICENSEE'S storing of material other
than a bicycle will be cause for the LICENSOR to
terminate this Agreement. LICENSOR shall have the
right, at anytime to enter upon and inspect the
Bicycle Room and remove any material in the Bicycle
Room that violates this Agreement.
- In the event LICENSEE breaches any
of the terms, covenants or conditions of this
Agreement or the Lease, or in the event of any
dispute, claim or controversy relating thereto,
LICENSOR shall have the right to terminate this
Agreement. LICENSEE shall pay LICENSOR all expenses
actually incurred, including attorneys' fees,
resulting therefrom and from any ensuing litigation.
- Upon termination of this
Agreement, the LICENSEE agrees to arrange for the
immediate removal of his or her bicycle from the
Bicycle Room and return the Bicycle Room keys in his
or her possession. Should LICENSEE fail to remove of
his or her bicycle(s) on the date of this Agreement's
termination, LICENSEE agrees that LICENSOR has the
right but not the obligation to remove said property
and dispense with it at LICENSOR'S discretion.
LICENSEE holds LICENSOR harmless from any loss, damage
or expense and shall pay all costs relating to the
removal of any and all of his or her property in the
Bicycle Room.
- LICENSEE shall not be permitted to
assign this Agreement or to allow another person to
use the Bicycle Room except permitted family members
whose names have been set forth below, or who may
hereafter be consented to by the Cooperative. The
LICENSOR acknowledges that the persons below will be
allowed to have access to the Bicycle Room, but shall
be responsible to the LICENSOR as if they were
Occupant under this Agreement.
- Notwithstanding anything contained
herein to the contrary, either party may terminate
this License Agreement at any time upon no less than
30 days prior written notice to the other party
effective on the last day of the month following the
month in which such notice is given.
IN
WITNESS WHEREOF, the LICENSOR and LICENSEE have
respectively executed this Agreement as of the day and
year first above written:
LICENSOR:
511 West 232nd Owners Corp.
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LICENSEE:
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By:
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By:
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BICYCLE
HOOK NUMBER(S):__________________
Permitted Family Members
1. |
2. |
3. |
4. |
Rev.
8/3/2009
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