Commercial Leases
A New York commercial lease allocates responsibility for buildout costs, tax escalations, maintenance, and surrender conditions, and most of those allocations default to the landlord when the tenant does not negotiate them. Good guy guarantee provisions govern whether a principal stays personally liable after the business vacates, and under what conditions that liability ends. Demolition clauses let a landlord terminate mid-term for redevelopment on limited notice, and absent an exclusive-use provision the landlord may lease adjacent space to a direct competitor. A personal guarantee embedded in the lease generally survives the closure of the business entity and can follow the owner for the remaining term. Each of these terms is negotiable before signature and largely fixed after it. Our commercial real estate practice structures leases and litigates the disputes that follow when a landlord moves to terminate.