Commercial Leasing Attorney in New York City
NYC’s Unique Commercial Real Estate Landscape
At Coopersmith & Coopersmith PLLC, we recognize that commercial leasing transactions require a unique blend of legal knowledge, negotiation skills, and strategic insight. We know this because we have been practicing in this area of law for nearly a century.
A commercial lease sets the stage for a long-term relationship between a landlord and tenant. and we understand that the contents of the lease have significant consequences that can last for the balance of the relationship. Our goal is to be focused on the details in a lease while balancing the need to have an efficient, timely, and profitable transaction.
At Coopersmith & Coopersmith PLLC, we focus on what matters most to you for your commercial leasing representation. We take the time to understand your particular requirements in a lease and what is important to you and your business. Thereafter, we negotiate with those interests in mind, whether you are a landlord or a tenant.
The Role of a Commercial Real Estate Attorney
Engaging a seasoned commercial real estate attorney is critical to a successful commercial lease negotiation. Some key lease provisions that we negotiate include:
Rent and Additional Costs: Experienced business owners know that commercial leases often include additional expenses such as real estate taxes and operating expenses. Our attorneys provide clarity on these costs, ensuring they are manageable and aligned with your financial planning.
Lease Terms and Renewal Options: The duration and renewal terms of your lease are pivotal for ensuring long-term stability. Drawing on our experience, we negotiate terms that not only support your business continuity but also align with your future growth plans, providing a secure foundation for your operational needs.
Personal and “Good Guy” Guarantees: We clearly define the obligations contained in a good guy guarantee, ensuring there are no problems should the business face trouble.
Subleasing and Assignment Rights: The lease should clearly define your rights to sublease the premises and assign the lease, providing flexibility to adapt to changing business needs. Our attorneys ensure these rights are adequately and clearly drafted.
Improvements and Repairs: Tenants often bear responsibility for certain repairs and maintenance. We negotiate these terms to prevent unexpected expenses, ensuring clarity and fairness.
Compliance with Laws: Ensuring compliance with city, state, and federal laws and whether the landlord or tenant should be responsible for such compliance.
Rent Concessions: Rent concessions, such as rent-free periods or contributions to build-out costs, can provide significant financial relief. Our attorneys are skilled in negotiating these benefits to enhance a tenant’s financial health or protect a landlord’s bottom line.
Why Coopersmith & Coopersmith PLLC Stands Out
Long-Standing Experience
Our extensive experience in commercial leases provides clients with a comprehensive understanding of complex agreements, ensuring protection for your business. In addition to our knowledge in the field, we also have relationships with many brokers, property managers, landlords, and counsel that help facilitate transactions.
Strategic and Proactive Counsel
We adopt a proactive approach, anticipating potential problems and addressing them before they escalate, ensuring smooth lease negotiations.
Efficiency and Client-Centric Focus
Understanding the fast-paced nature of real estate, we deliver efficient, thorough services that prioritize client needs, enabling swift and effective resolutions.
Helping Your Business Profit
A strategically negotiated commercial lease lays a strong foundation for business success in New York City. Our knowledge and experience help you navigate the complexities of location suitability, operational flexibility, and financial viability, ensuring your business thrives.
Helping You Secure Your Business
Securing a commercial lease in NYC is a critical step in your business’s journey. With Coopersmith & Coopersmith PLLC by your side, you can navigate this intricate process with confidence.
Our commitment to expertise, strategic advocacy, and client-centric service ensures that your lease not only provides a physical space for your business but also lays a solid foundation for operational success. Contact us today to explore how we can support your commercial leasing needs and drive your business forward.