Commercial Lease Lawyer

New York City & Long Island Commercial Lease Lawyer

If you need a commercial lease lawyer in the NYC area or Long Island, New York then give us a call. The number for our office is 202-904-1900. The Law Office of M. Daniel Bach is a full-service law firm and has years of experience representing clients. When you call, we can provide you with a no-obligation consultation and go over all of the issues you have. And we can schedule an interview to meet and further discuss your situation.

Why Do I Need A Commercial Lease Lawyer?

A commercial lease is simply a contract between a business and a landlord for the rental of property and when starting a new business in the NYC area you need one. So it is important to have a lawyer look over this commercial lease when starting any new business. These businesses range from nail salons, restaurants, hair salons, etc. It requires less capital to rent the storefront instead of buying it, so many of these businesses go that route. But entering into a commercial lease agreement is a huge decision. It can make or break your business, so be sure to have all of the commercial lease looked over by a lawyer.

If you are considering entering into a lease for a commercial space, then be aware that there are certain elements that you need to know. A lot of paperwork comes with opening a new business and commercial leases are different from residential leases. So it is important you understand and agree with the basic terms of the lease agreement. That is why it is necessary to have a lawyer review all of the lengthy documents prepared by the Landlord’s attorney. These documents go over the parameters of the lease and the responsibilities of leasing that range beyond simply paying rent.

We will help you better understand what you are paying for, which includes insurance requirements and property tax increases that may affect your future bottom line. In a nutshell, we simply make sure everything is in order before any lease agreement is signed.

What Should the Lease Say About the Commercial Property?

Of course, each lease is dependent on the current situation. But there are aspects that each commercial lease should cover, so having a lawyer review it ensures everything is in working order. For starters, each lease should include a clear description of the rental property. For example, the lease needs to clarify whether it includes bathrooms, a kitchen area, common areas, elevators, or a parking area. Since some measurement practices include the thickness of the walls, the exact space measurement should be detailed.

If you are thinking about improvements, modifications, or fixtures added to the space in the future, those details need to be in there, too. “Build-outs” is the technical term when a new space is being finished to a tenant’s specifications. The information on improvements or modifications should also include who will pay for them. On top of that, who will own the improvements after the term of the lease needs a mention. For most cases, the landlord owns it. However, this can be negotiable depending on the nature of the improvements. Again, this is why it is important to have a trusted lawyer to review the commercial lease.

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Please contact the law office of M. Daniel Bach to set up an appointment to discuss your current legal predicament.

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When you get in touch with us, we can further discuss your legal situation. If you decide to call, we can provide you with a free, no-obligation consultation.