Commercial Leasing Checklist in New York City Manhattan Part II

 

1.                  Tenant should be permitted signage (at no cost)  in building lobby directory, elevator, floor and door (window signage flag should be permitted for retail)

 2.                  Tenant should have the right to make deliveries to the premises at any time of the day for retail use

3.                  Sidewalk maintenance & repair should not the responsibility of the retail tenant, other than snow removal

 4.                  Prior approval of private carter for retail Tenant.

 5.                  Tenant not have to pay Landlord’s  expenses for initial renovation plan review

 6.                  Tenant's renovation plans should be approved by Landlord prior to Tenant signing the Lease                     and the standard of review by Landlord should be "NUW"-not unreasonably withheld.

 7.                  Water for sink and toilet should be provided at no cost to Tenant and bills for other water uses                    should be by direct meter.

 8.                  Heating should be provided to Tenant even if there is in default under the lease. 

 9.                  Vault taxes, if any should be the responsibility of Landlord not Tenant.

10.              Obtain a  copy of the c/o for the premises and review prior to signing the Lease.

11.              Insurance rider should be sent to insurance agent for review and comment before the Lease is signed. 

12.              Construction clause, if any must be sent to the Tenant's architect for review.

13.              Brokerage clause must represent who is paying the broker and the accompanying indemnification clause  must be mutual

14.              Real Estate tax increases, should be paid over 12 months by Tenant

 At Shenwick & Associates, we have represented more than 300 tenants in commercial leasing transactions, including office tenants, restaurants & retain stores. Provided below is Part I of our Leasing Checklist.  Any clients having questions about commercial leases should contact Jim Shenwick, Esq.   jshenwick@gmail.com  917 363 3391  

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