Real Estate Law

Retail tenants in New York City face high operating costs, and their leases may include more than a fixed monthly rent. Percentage rent clauses require tenants to pay extra rent based on sales, which can increase rent costs and reduce profits. How percentage rent...

A good guy guaranty is a limited personal guarantee tied to a New York commercial lease. If you sign one, your liability does not necessarily last for the full lease term. The point when it ends depends on the language the parties negotiated. Understanding those...

Growing brands require new locations and additional space. The commercial facility that a company leased a few years ago may no longer adequately meet the organization’s needs. However, the commercial lease signed for the current premises may still remain in effect...

During a commercial property purchase, it is very important to understand exactly what the zoning regulations state for that specific property. This is especially true when it will be used for a future commercial operation or as part of a development project. It must...

Commercial property litigation can be incredibly expensive. Many commercial properties are worth millions of dollars, and a commercial development project may have investments reaching into the hundreds of millions. Because these types of assets are at stake, it is...

Commercial leases often run for multiple years. Even if the tenant business closes or begins operating out of a different space, paying rent may still be an ongoing responsibility until the lease technically ends. Those concerned about overextending themselves and...

Commercial real estate in New York City can be a cut-throat business. The most strategic and resilient players thrive in an industry filled with intense competition, high stakes and the constant pressure to secure prime properties in one of the most sought-after...

A commercial lease is vastly more complex than a residential lease. There are many details that need to be considered, both by the property owner and by the business owner or corporate entity that will be leasing that real estate. One thing to begin with is the...

Condominium bylaws serve as the foundation for a harmonious and well-functioning community. They provide structure, outline responsibilities and protect both the condo association and individual unit owners.  However, bylaws can do more harm than good when they become...

Signing a commercial lease is a more flexible solution than purchasing real property for a business. In some cases, commercial leases may impose surprising obligations on tenants. Business leaders preparing to sign new commercial leases may need to review the...