On April 18, 2019, the New York City Council passed the Climate Mobilization Act, with the goal of making the city carbon neutral by 2050. In our prior alerts What Does A Building’s Energy Efficiency Grade Really Mean? and Understanding Local Law 97: The Energy Efficiency Law Poised to Shape New York Real Estate we […]
Tag Archives: Commercial rent
Commercial leases typically include a “fixed rent” or “base rent” as well as a provision for “additional rent”. The base rent is a pre-determined amount paid each month, and additional rent includes other charges that tenants may be responsible for throughout the lease term, such as real estate taxes, utility charges, and insurance premiums. However, […]