New York state is helping small businesses with the New York Forward Loan Fund (NYFLF). This is designed to help small businesses, non-profits and residential landlords with operating and re-opening expenses as a result of the Covid-19 pandemic. 90% of all New York...
The last 10 years have been a landlord’s market. This is all changing as collections are increasing and landlords are seeing negative cash flows. As of April, the general consensus was 70% of tenants were paying rent. May and June saw even lower rates of...
New York City’s Sprinkler Law: A Crash Course in Capital Improvements If a new building department regulation goes into effect subsequent to the signing of a lease, either the tenant or the landlord has to comply with that regulation. In most cases, the landlord...
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...
