Glenn Wright of the Wright Law Firm, PC will be teaching a Liquor License seminar for the New York Society of Certified Public Accountants (NYSSCPA) on June 30th, 2015 at 8:30 a.m. Credits: 1 Specialized Knowledge (NYSED) / Specialized Knowledge (NASBA) credit Course Code: 20165600 Course Format: NYSSCPA Committee CPE Session Developer: Foundation for Accounting Education […]
Read more...Can a Landlord Refuse Consent to Lease Assignment?
Many distressed business owners come to me and ask Can a Landlord Refuse Consent to Lease Assignment? A business owner’s lease can be one of its most valuable assets. When negotiating a new lease, many business owners do not consider how this will affect the eventual sale of their businesses. A […]
Read more...Business Improvement Districts – Retail Lease BID Fees
Business Improvement Districts (BIDs) are neighborhood economic development organizations created to improve the commerce and safety of a defined area. Retail Lease BID Fees can be significant financial burdens to commercial and retail tenants. New York City has the most BIDs of any municipality in the US. Of the 69 BIDs citywide, over a third […]
Read more...The Dangers of Commercial Lease Demolition Clauses
Lease Demolition Clauses basically states that if a building is old and the landlord wants to demolish, redevelop or sell the building, the landlord can serve the tenant a notice that states he or she must vacate the premises within a given period of time. Many buildings are later “repurposed” i.e., changing the use from […]
Read more...Guarantys are Enforced when Breaking a Lease
Most small businesses and retail store owners don’t give it a second thought when they sign off on NYC commercial lease personal guarantys because they generally consider it a formality. But take heed: The courts can and often enforce them when a tenant breaks a lease. A recent lease guaranty case, 4 USS LLC v. […]
Read more...Not All Commercial Leases Are Alike
In looking for a place to establish a storefront business – restaurant, retail, or otherwise – owners and managers must consider many factors. One of those is the type of commercial lease agreement that will be negotiated with the landlord. Unlike a residential lease, which often is set at a flat rate, a commercial lease, […]
Read more...Rise in New York Retail Sales for Condos
Property prices are again on the rise, and in New York, the hottest commodity lately is retail sales for condos. As Wall Street Journal reports, New York City has seen a rise in New York retail sales for condos, driving up sale prices in tourist districts and nearby areas where residential development is underway. Many […]
Read more...Cure NYC Building Violations & Fire Code Violations before Fines
Businesses in New York face a variety of Building Violations & Fire Code Violations enforced by different city agencies, including the Department of Buildings (DOB), the Environmental Control Board, and the Fire Department of New York (FDNY). When a business is found to violate any regulation, the business can face fines and other penalties. Now, […]
Read more...New York Pop-Up Restaurants — Consult Commercial Lease Attorney
You might be able to order a dozen delicious cupcakes online. Still, there is nothing like walking into a bakery, smelling the sweet freshness, and savoring a delectable treat with a friend. But what if you’re a cupcake maker who can’t foot the high rent in Manhattan? Thousands of New York entrepreneurs in a similar […]
Read more...Citi Field Ballpark Beef Ends With Kosher Vendor Striking Out
One of the Mets’ most recent victories was not on the field but in the courtroom. Unfortunately, as our New York City restaurant attorneys understand, it came at a major league loss to a kosher foods vendor, which had sued the stadium owners and organizers for a significant hit to profits. It started back in […]
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