Jones Lang LaSalle, a real estate services company that now represents UBS in Hong Kong, and Savills, another real estate company, declined to comment on the lease specifics, citing confidentiality agreements with the bank.
He said that under New York law, a sublet fee would not be permitted unless the bylaws and the proprietary lease contain specific authorization.
If the lease names specific individuals who are required to occupy the apartment as their primary legal residence, Mr. Bailey said, then the apartment is treated the same as any other rent-stabilized apartment.
Accordingly, Mr. Luxemburg said, the model lease contains specific provisions allowing not only for late charges and assessments, but also for the imposition of "user charges" -- on either a per-share basis or on the basis of actual usage -- for services like water and electric utilities, and facilities like parking garages, health clubs and storage areas.
An organization can lease their specific computational resources from the shared infrastructure for the time that they need, ranging from an hour to a year or more.
Absent a specific lease restriction, is my landlord allowed to do this?... Aaron Russford, the Bronx.
Airbnb, however, said this was a ruling on a specific lease, and therefore the judge's decision would not necessarily affect other hosts.
More accurately, it gives your PC a renewable lease on a specific address, which may last for a week or so.
A. Stuart A. Saft, a Manhattan lawyer who is chairman of the Council of New York Cooperatives and Condominiums, said the board has the right to enact a sublet fee only if the proprietary lease gives it specific authority to do so.
With a loan secured by personal property — like co-op shares and the proprietary lease to a specific apartment — a lien known as a UCC-1 Financing Statement is filed.
If the lease is not specific or if it provides that "the shareholder and his children" can occupy the apartment, Mr. Saft said, courts in Manhattan and the Bronx have ruled that the word "and" means that the shareholder has to live in the apartment with the children.
