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Category: commercial lease law

Seminar on Pop Up Leases for Artists and Galleries

*Due to weather, this event has been rescheduled to Wednesday, June 28, 2017 from Monday, June 19, 2017.  Pop-Up Spaces: Innovative Ways to Showcase Your Art Location: NYFA, 20 Jay Street, Brooklyn, NY This event brings together Glenn D. Wright, Esq., The Wright Law Firm, P.C. and Robin Abrams, Vice Chairman, Lansco to provide tips […]

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Signage-Landlord’s Consent Not Always Easy

      I recently received a distressed call from a beauty salon owner who had just signed a ten-year lease on a full floor of retail space on a prominent avenue in midtown Manhattan. The store was on the second floor of a small retail/office building and boasted large windows that ran almost the entire width of […]

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A Lease Option to Expand Valuable to Start-Ups-NYC Real Estate Lawyer

  Given that the long-overheated office market in Manhattan is starting to cool, commercial leases are beginning to get somewhat more tenant-friendly. One way that commercial landlords are sweetening deals for tenants is to give them a lease option to expand in the same building as their office needs grow. This option is especially prevalent in […]

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Court’s New Take on Standard Office Lease Language

           The New York Appellate Division recently narrowed the protection a clause in the standard office lease form afforded landlords and building owners. Landlords always insisted on lease language stating that they are making no representations as to the legality of the tenant’s proposed use of the premises. More specifically, the […]

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Negotiating the NYC Billboard Lease

Negotiating the NYC Billboard Lease

When Clients ask me about leasing a billboard or outdoor advertising on their property, the first thing we discuss is whether a license agreement, easement, or ground lease is best for them. Many property owners like a license agreement because it can easily be terminated. Most large outdoor advertising companies (OACs), of course, prefer a […]

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Negotiating Commercial Lease Common Charges

When negotiating commercial lease common charges, both parties should attempt to be as specific as possible.  There is clearly a disparity in the knowledge of what these costs will be. As part of their due diligence, a prospective tenant should request that the landlord provide a detailed history of past lease common charges. Many landlords believe that making […]

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Can a Landlord Refuse Consent to Lease Assignment?

        Many distressed business owners come to me and ask Can a Landlord Refuse Consent to Lease Assignment? A business owner’s lease can be one of its most valuable assets. When negotiating a new lease, many business owners do not consider how this will affect the eventual sale of their businesses. A […]

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Business Improvement Districts – Retail Lease BID Fees

Business Improvement Districts (BIDs) are neighborhood economic development organizations that were created for the purpose of improving the commerce and safety of a defined area. Retail Lease BID Fees can be significant financial burdens to commercial and retail tenants. New York City has the most BIDs of any municipality in the US . Of the […]

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The Dangers of Commercial Lease Demolition Clauses

Lease Demolition Clauses basically states that if a building is old and the landlord wants to demolish, redevelop or sell the building, the landlord can serve the tenant a notice that states he or she must vacate the premises within a given period of time. Many buildings are later “repurposed” i.e., changing the use from […]

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Guarantys are Enforced when Breaking a Lease

Most small businesses and retail store owners don’t give it a second thought when they sign off on NYC commercial lease personal guarantys because they generally consider it a formality. But take heed: The courts can and often do enforce them when a tenant is breaking a lease. On recent lease guaranty case, 4 USS […]

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