In a dispute over a commercial lease, landlords typically insist on recovering all late fees stipulated in the lease when tenants default on rent and additional rent payments. On the flip side, tenants often resist paying these fees, arguing that they are unreasonably high and disproportionate to what they owe, despite what the lease states. […]

Security deposits are common among landlords in residential and commercial property leases. These deposits are a financial safeguard to ensure tenants fulfill their lease obligations. But what exactly is a security deposit? It’s a sum of money provided by the tenant to the landlord, held for the duration of the lease. Typically, security deposits are […]

Are you leasing commercial property in the heart of New York City? Chances are, your landlord has already or will soon approach you with something called a Subordination, Non-Disturbance, and Attornment Agreement, commonly known as an “SNDA.” While the name might sound complex, its role in shaping the dynamics between tenants, landlords, and lenders is […]

Any New York commercial lease will have numerous provisions within the lease regarding notices. Every notice provision must be carefully read and understood since, under New York law, there must be strict compliance with lease notice provisions. Experienced lease negotiators are fully aware of the importance of notice provisions. Depending on the provision, the lessor […]

Last year, New York City enacted a biometric privacy law for many commercial businesses. The Ordinance went into effect in early July 2021. Here are a few things commercial tenants need to know about the new Ordinance. See the link to a PDF of the Ordinance text here. To Whom Does the Biometric Ordinance Apply? […]