As the Economy Stumbles, Subletting Soars Last year I had the pleasure of representing a foreign client who wanted to find a retail space. One of the storefronts we were considering was adjacent to a large corner unit that was leased to an accessory unit of a world...
Who Is Responsible for Snow Removal? After Winter Storm Jonas (more popularly known as Snowmageddon 2016), New York City had 2.5 to 3 feet of snow in places. It was hard not to notice that some patches of sidewalk were shoveled while others weren’t, requiring...
When Does a Lease End? The best time to leave a property is upon expiration of the lease term, but there is always room for negotiation. Several months ago, a client (the tenant) had a lease that was close to expiration. The tenant was about to sign a lease for a...
Negotiating the “Total Cost” of Your Rental Agreement “Total cost” encompasses more than the rent. When negotiating a commercial lease the “total cost,” including each of these factors, must be considered: Loss factor: The difference between the rentable...
How Do I Get Out Of My Commercial Real Estate Lease? Part 2 In the previous post, we discussed subleasing, assigning, desk-sharing and the option to cancel as some of the remedies a business might use to get out of a lease. In this post, we discuss the least desirable...
