A written lease agreement is essential in creating clear terms that outline each parties duties and obligations while preventing landlord/tenant disputes. An attorney plays a vital role in commercial real estate lease negotiations, representing either landlords or tenants, to protect their legal and financial interests throughout the leasing process.
Commercial Lease Negotiations
For commercial lease negotiations in Nassau County and New York City, it’s highly recommended to consult an experienced commercial real estate attorney who can guide you through the complexities of the lease agreement and ensure your rights and interests are protected. An attorney can assist with negotiating favorable terms, understanding the implications of the lease, and navigating potential disputes.
At Sabrina Rabban, Esq. PLLC, our commercial lease attorney will help guide and protect you through many aspects of the leasing process to minimize legal risk. Here’s a breakdown of what our commercial real estate attorney typically does:
- Lease Drafting and Review
- Drafting: Attorneys draft lease agreements tailored to the client’s business goals and compliant with New York real estate laws.
- Reviewing: They review proposed leases to identify problematic clauses (e.g., hidden costs, vague terms, or unfavorable default provisions).
- Negotiation
- Attorneys negotiate key lease terms such as:
- Base rent and escalation clauses
- Duration and renewal options
- Use and exclusivity provisions
- Tenant improvements and build-out allowances
- Maintenance and repair responsibilities
- Ensuring that the lease terms are fair and align with market standards.
- Due Diligence
- Investigate the property’s:
- Zoning compliance
- Environmental issues
- Certificate of occupancy
- Title status or landlord’s authority to lease
- Identify any legal risks that may affect the tenant’s business operations or the landlord’s leasing ability.
- Risk Mitigation
- Attorneys advise on how to handle:
- Default and remedies
- Assignment and subletting
- Insurance and indemnity clauses
- Personal guarantees or security deposits
- Their goal is to reduce legal exposure for their client.
- Compliance with Local Laws
- Execution
- Attorneys oversee proper execution of the lease and any required attachments, such as:
- Riders
- Exhibits
- Guaranty agreements
- They may also assist in coordinating between brokers and other parties.
Why A Commercial Lease Attorney Is Important in New York
New York State commercial real estate is complex and competitive. Mistakes or inconsistencies in a lease can have serious financial consequences, especially for long-term commitments. Having a commercial lease attorney ensures that the client’s rights are protected in one of the most demanding real estate markets in the country.
Protect your business or commercial real estate investment, and ensure favorable terms and conditions of your commercial lease. Sabrina Rabban, Esq. PLLC is client focused and is here to support you every step of the way. Contact us today by filling out the form below or please call 516-452-8198 to schedule your free consultation and take the first steps in protecting your investment.
We are based in Nassau County and proudly serve clients in communities including Suffolk County, Brooklyn, Queens and Manhattan.