You may have heard that Facebook recently changed its corporate name to Meta. Part of the change involves creating virtual realities with virtual “land,” “buildings,” and burgeoning virtual “cities.” As reported here by Time media, already, there are many websites dedicated to building the most popular and populated virtual worlds. Meta may “win,” but time […]
Read more...Tag: NYC Lease Lawyer
NYC Commercial Leases: What is the Covenant of Quiet Enjoyment?
One of the many reasons you should have an experienced NYC commercial lease attorney draft and review your commercial lease is that all leases — both residential and commercial — contain implied covenants. These are like “invisible” provisions/clauses deemed by New York law to exist in every contract. Those not experienced with lease law will […]
Read more...Negotiating Commercial Lease Common Charges
Both parties should attempt to be as specific as possible when negotiating commercial lease common charges. There is clearly a disparity in the knowledge of these costs. 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 […]
Read more...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 enforce them when a tenant breaks a lease. A recent lease guaranty case, 4 USS LLC v. […]
Read more...