Flat Fee Commercial And Residential Lease Review
Given the complexities of New York real estate law, it is generally a good idea to hire an attorney prior to executing a commercial or residential lease. That way, you can be sure you fully understand the terms of the lease which you are about to sign so that you know what you are getting yourself into and also so that you can attempt to address those concerns with the landlord prior to executing the lease. Because a lease is a final and binding agreement, it is unlikely that you will be able to get the landlord to modify those terms once the lease has been executed.
There are also times when it would be helpful to have an attorney review your lease after it has been executed. For a commercial lease, this may occur, for example, in a situation where you wish to sublet all or part of the space to another business. With a residential lease, a situation may arise, for example in which you desire to terminate the lease early. In such situations, an attorney can advise you of your options after reviewing the lease terms and examining them within the context of New York real estate law.What Are Some Issues to Watch Out for in Commercial and Residential Leases?
Some examples of things to be cognizant of before executing a commercial lease include, by mere example and without limitation, the following: whether there you will be legally entitled to utilize the space for its intended purpose; the circumstances under which you may sublet or assign the space; whether you can terminate the lease early and, if so, whether or not there are financial costs for such an early termination; whether you have rental obligations beyond base rent and, if so, what are your obligations; and whether or not you would be responsible for any portion of the real estate taxes of the building and, if so, what portion is your responsibility and how is same calculated.
For residential leases some of the things to watch out for include, by mere example and without limitation, the following: whether the purported landlord actually has the right to rent the space; who will be permitted to reside in the space; do you have the ability to terminate the lease early; and whether there are any payment obligations beyond the base rent.
Click here for more information on items to be aware of before executing a commercial or residential lease.
An attorney can address these issues with you by reviewing your lease.What Do I Do if I Want to Inquire About Having The Law Offices Of Daniel A. Singer PLLC Review My Commercial or Residential Lease?
- Complete the inquiry submission located here. In the heading entitled “Nature of Legal Matter” enter “Inquiring About Flat Fee Lease Review.” In the heading entitled “Additional Comments” state whether the lease you are looking to have reviewed is a commercial lease or a residential lease; the length of the lease (in pages); and identify any specific concerns you may have regarding the prospective lease (if you do not have any specific concerns and you are just looking for a general lease review that is fine as well).
- If we believe this something we can help with you, we will contact you and quote you a flat fee for the lease review. We may also request some further information before quoting a flat fee so that we can better assess the work involved.
The lease will be reviewed by the attorney, Dan Singer.In Addition to Reviewing Leases, Do You Also Draft and Negotiate Leases?
Yes we do. This can be addressed when you contact us.
We look forward to assisting you with your leasing matter. Please contact us today.