New York Commercial Lease Agreement
A New York commercial lease agreement is a legal contract that governs the rental of commercial space from a landlord to a business entity. This agreement outlines the rights and responsibilities of both the landlord and the tenant.
New York Commercial Lease Agreement
Landlord-Tenant Relationship
The lease agreement establishes the relationship between the landlord and the tenant, detailing the obligations each party has under the contract.
Tenant Information Requirements
Landlords often require tenants to provide various information to ensure that they will meet their obligations under the lease. This may include a history of past income, projected income, and references. Tenants are encouraged to inspect the property to confirm that it meets their operational needs for conducting business.
Business Authorization
To verify that a business is authorized to operate in New York, a New York Business Entity Search can be conducted.
Legal Framework
Rental Laws
The rental laws applicable to commercial leases in New York are outlined in the Consolidated Laws of New York Chapter 38, Article 2-A.
Consumer Protection Laws
Consumer protection laws relevant to commercial leases can be found in Consolidated Laws of NY § 2-A-104.
Jurisdiction
According to Consolidated Laws of NY § 2-A-106, the parties involved in a consumer lease must select a jurisdiction that is either where the lessee resides at the time the agreement becomes valid or where the goods are intended to be used. Any selection of a different jurisdiction is not enforceable.
Statutes
- N.Y. Real Prop. Law § 227-C – Termination of residential lease by victims of domestic violence
- N.Y. Real Prop. Law § 232-A – Notice to terminate monthly tenancy or tenancy from month to month in the city of New York
- N.Y. Real Prop. Law § 232-B – Notification to terminate monthly tenancy or tenancy from month to month outside the city of New York
- N.Y. Real Prop. Law § 233-B – Campgrounds
- N.Y. Real Prop. Law § 234 – Right to recover attorneys’ fees in actions or summary proceedings arising out of leases of residential property
- N.Y. Real Prop. Law § 235-A – Tenant right to offset payments and entitlement to damages in certain cases
- N.Y. Real Prop. Law § 235-B – Warranty of habitability
- N.Y. Real Prop. Law § 235-D – Harrasment
- N.Y. Real Prop. Law § 235-E – Duty to provide written receipt
- N.Y. Real Prop. Law § 235-G – Electronic billing and/or payment of rent
- N.Y. Real Prop. Acts. Law § 753(4) – Stay in premises occupied for dwelling purposes
- N.Y. Gen. Oblig. Law § 5-328 – Processing fee by holder of dishonored check
- N.Y. Gen. Oblig. Law § 7-103(1) – Money deposited or advanced for use or rental of real property; waiver void; administration expenses
- N.Y. Gen. Oblig. Law § 7-103(2) – Money deposited or advanced for use or rental of real property; waiver void; administration expenses
- N.Y. Gen. Oblig. Law § 7-105 – Landlord failing to turn over deposits made by tenants or licensees and to notify tenants or licensees thereof in certain cases
FAQs
A New York commercial lease agreement is a legal contract that allows a landlord to rent a commercial space to a business entity. It outlines the rights and responsibilities of both the landlord and tenant, establishing the terms of their relationship.
Landlords in New York may request various information from tenants, including a history of past income, projected income, and references. This information helps landlords assess the tenant’s ability to fulfill their obligations under the lease.
A tenant can confirm a business’s authorization to operate in New York by conducting a New York Business Entity Search. This search verifies that the business is legally registered and permitted to conduct its operations in the state.
The rental laws governing commercial leases in New York are outlined in the Consolidated Laws of New York, Chapter 38, Article 2-A. These laws establish the legal framework for commercial leasing agreements in the state.
Consumer protection laws relevant to commercial leases in New York are found in Consolidated Laws of NY § 2-A-104. These laws are designed to protect the rights of consumers entering into lease agreements.
According to Consolidated Laws of NY § 2-A-106, the jurisdiction for a consumer lease must be either where the lessee resides at the time the agreement becomes valid or where the goods are to be used. Any other jurisdiction selection is not enforceable.
You can download a New York commercial lease agreement template in PDF or MS Word format. This allows you to customize the agreement to meet your specific needs.