PARTY WALL EASEMENT AGREEMENT EASEMENT AGREEMENT made this __________ day of ___________________, 200__, between ______________________________________________________________________, hereinafter referred to as the “First Party,” residing/having an office at ______________________________________________________________________________ and __________________________________________________________________________, hereinafter referred to as the “Second Party,” residing/having an office at _____________________________________________________________________________, collectively, the “Parties.” WHEREAS, the First Party is the fee owner of certain land located in the City and State of New York, Borough of ___________________, designated as Block ______ Lot ______ on the Tax Map of the City of New York, hereinafter referred to as Parcel A and more particularly described by a metes and bounds description set forth in Schedule A annexed hereto and by this reference made a part hereof; WHEREAS, the Second Party is the fee owner of certain land located in the City and State of New York, Borough of ________________, designated as Block ______ Lot ______ on the Tax Map of the City of New York, hereinafter referred to as Parcel B, more particularly described by a metes and bounds description set forth in Schedule B annexed hereto and by this reference made a part hereof; WHEREAS, Parcel A adjoins Parcel B; WHEREAS, there is a _______-story building erected on Parcel A; WHEREAS, the Second Party has requested the New York City Department of Buildings (the “Department of Buildings”) to act upon Application No. __________________________ to construct [alter] a _______-story building on Parcel B; [and] [WHEREAS, there presently exists a wall lying on the line dividing the parcels of land of the First Party and the Second Party, which is the _________ [location of existing wall (e.g, northerly, southerly)] wall of Parcel A, and] WHEREAS, the Second Party desires to use the ________ [e.g., northerly, southerly] wall of Parcel A as the _______ [e.g., northerly, southerly] wall of Parcel B, so that the wall shared by Parcels A and B is to become a party wall. The party wall shall satisfy the construction requirements of the Administrative Code of the City of New York Section 27-332. American LegalNet, Inc. www.FormsWorkflow.com NOW, THEREFORE, good and valuable consideration having been paid, the Parties mutually covenant and agree for themselves, their respective heirs, legal representatives, successors and assigns, as follows: 1. The wall shared by Parcels A and B shall be used and maintained as a party wall forever and the Parties shall be licensed and permitted to enter upon the premises of Parcels A and B to make necessary excavations for the construction, maintenance and repair of the wall. 2. A diagram of Parcel A and Parcel B is attached hereto as Exhibit A in the form of a plot plan with a cross-hatched portion indicating the party wall. The location of the wall is more particularly described as follows: BEGINNING at a point on the ____________ side of ______ Street, distant ____ feet from the corner of ________ street and _______ Avenue, running parallel with ________ Street, __ feet and more particularly shown on the survey. _______ prepared _______, 200_, and annex hereto as Schedule C; 3. If and when the wall is rebuilt, it shall stand upon the same place and be of the same or similar materials and of the same proportions as the wall described above. 4. This easement agreement may not be modified, amended or terminated without the prior written consent of the Department of Buildings. Further, applications for permits to demolish either of the buildings which are the subject of this agreement and/or removal of the party wall provided for in this agreement must clearly indicate the party wall on application plans. 5. The covenants set forth herein shall run with the land and be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. 6. Failure to comply with the terms of this easement agreement may result in the revocation of a building permit or certificate of occupancy. American LegalNet, Inc. www.FormsWorkflow.com 7. This easement agreement shall be recorded at the county city register’s (county clerk’s) office and the cross-reference number and title of the easement agreement shall be cited on each temporary and permanent certificate of occupancy hereafter issued to Parcels A and B. IN WITNESS WHEREOF, Parties have made and executed the foregoing easement agreement as of the date hereinabove written. _________________________________ Grantor By: __________________________________ Grantee By: Acknowledgment by individual: STATE OFNEW YORK ) COUNTY OF ________________________ ) ss.: On the ___ day of _________________ in the year _______________, before me personally came ____________________________________, to me personally known and known to me or proved to me on the basis of satisfactory evidence to be the same person described in and who executed the foregoing instrument, and she/he acknowledged to me that she/he executed the same. ____________________________________ Notary Public STATE OFNEW YORK ) COUNTY OF ________________________ ) ss.: On the ___ day of _________________ in the year _______________, before me personally came ____________________________________, to me personally known and known to me or proved to me on the basis of satisfactory evidence to be the same person described in and who executed the foregoing instrument, and she/he acknowledged to me that she/he executed the same. ____________________________________ Notary Public American LegalNet, Inc. www.FormsWorkflow.com Partnership/Corporate Acknowledgment: STATE OF NEW YORK ) COUNTY OF ________________________) ss.: On the ____ day of _______________ in the year ____________, before me personally came ________________________________ to me known, who, being by me duly sworn, did depose and say that she/he resides in _____________________________________________________; that she/he is the ________________________________________ (a member of the firm/president or other officer or director or attorney in fact duly appointed) of _____________________________________, a co-partnership/corporation described in and which executed the above instrument; and that she/he signed her/his name thereto as the act and deed of the firm/by authority of the board of directors of said corporation. _____________________________________ Notary Public STATE OF NEW YORK ) COUNTY OF ________________________) ss.: On the ____ day of _______________ in the year ____________, before me personally came ________________________________ to me known, who, being by me duly sworn, did depose and say that she/he resides in _____________________________________________________; that she/he is the ________________________________________ (a member of the firm/president or other officer or director or attorney in fact duly appointed) of _____________________________________, a co-partnership/corporation described in and which executed the above instrument; and that she/he signed her/his name thereto as the act and deed of the firm/by authority of the board of directors of said corporation. _____________________________________ Notary Public American LegalNet, Inc. www.FormsWorkflow.com