If you, as a tenant, break your NYC commercial lease, the likely answer is that you will owe your landlord money. Most certainly, you will receive at least one letter from your landlord’s attorney, and, most likely, in that letter, you will be threatened with litigation. However, litigation may or may not happen. Some sort […]

In brief, yes. Commercial tenants absolutely need the help of experienced and tough NYC commercial lease lawyers to help negotiate commercial leases. We provide those services here at Wright Law Firm NYC. We can be reached at (212) 619-1500. But if you do not want to call us, we strongly urge you to contact a […]

Almost always, NYC commercial leases require tenants to obtain, carry, maintain, and keep current various types of commercial insurance. Further, the lease will almost certainly require the landlord to be listed as a “named insured” on any required insurance policy, AND all such policies must be purchased IN ADVANCE of tenant move-in. Proof of insurance […]

Most NYC commercial leases require some form of guarantee from the tenant. For smaller commercial tenants, this generally means a personal guarantee from one or more of the owners of the tenant company. This is generally in addition to a hefty security deposit typically provided through a Letter of Credit. A personal guarantee can be […]

Any New York commercial lease will have numerous provisions within the lease regarding notices. Every notice provision must be carefully read and understood since, under New York law, there must be strict compliance with lease notice provisions. Experienced lease negotiators are fully aware of the importance of notice provisions. Depending on the provision, the lessor […]

Last year, New York City enacted a biometric privacy law for many commercial businesses. The Ordinance went into effect in early July 2021. Here are a few things commercial tenants need to know about the new Ordinance. See the link to a PDF of the Ordinance text here. To Whom Does the Biometric Ordinance Apply? […]