Kiritsis & Associates

 

Addressing issuance and municipal assessment obligations in a New York commercial lease.

Jul 26, 2021

Kiritsis Law Group -Phone: (212) – 922 – 000

 By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M

 

Addressing lease issuance and municipal assessment obligations could be crucial regarding significant developments of the premises.

 

A triple net lease is a type of net let lease. All triple net leases are net leases, but not all net leases are triple net leases. New York commercial leases may address any fixture removal rights by tenants. The lease should provide who controls what parts of the property.

Increasingly, tenants and landlords understand (especially due to Covid 19 pandemic) with have well-thought out, carefully planned for, meticulously drafted, diligently scrutinized and legally executable and self-enforceable lease contract agreements.

 

Landlords and tenants should both thoroughly search whether such assessments might come into play before entering a New York real property lease. One should be mindful of any “additional rent” laws when addressing issues regarding the drafting of these types of provisions.

 

The law as it pertains to lease contracts in New York, may have changed and/or continue to evolve, during the legal changes brought on by Covid 19.  It is perhaps worth mentioning that even before the spread of the Coronavirus in the U.S., New York Landlord/Tenant laws and real property leasing laws, were considered highly esoteric and by many were a sign of a much need legal reform.

 

To better assist in a quest of further analyzing this type of question(s) as revolving per this legal guide article, it may be useful to make additional inquiries, such as: Should any pertaining lease documents be filed as a public recordation? Is it possible to make a county-specific public recordation of the pertaining lease documents? Is it permissible to have the lease be freely assignable?

 

Our firm can help you draft, review, negotiate, and execute any type of New York real property lease agreement. We are open seven days a week from 8 a.m. to 8 p.m. We offer prospective clients both exhaustive and comprehensive leasing law practice services, including the following:
 

New York residential lease agreements.

New York rent regulated residential lease agreements.

New York rent control regulated residential lease agreements.

New York office space lease agreements.

New York warehouse commercial use lease agreements.

New York office space use lease agreements. 

New York bank/financial institution use lease agreements. 

New York gym and other recreational related use lease agreements. Phone: (212)–922–0005. Kiritsis Law Firm. 

New York jewelry and related use lease agreements. 

New York chemical and pest control related use lease agreements. 

New York roommate use lease agreements. 

New York shared office space use lease agreements. 

New York netted lease agreements. 

New York double net lease agreements. 

New York commercial leases with time extension option provisions. Phone: (212)–922–0005. Kiritsis Law Firm. 

New York addendum and side deal real property lease agreements. 

New York existing lease assumption lease agreements. 

New York cancellation of residential lease agreements. 

New York barbershop and beautician related lease agreements. 

New York restaurant and related use lease agreements. 

New York deli and bodega related use lease agreements. 

New York bar and tavern related use lease agreements. 

New York religious institution and related use lease agreements. Phone: (212)–922–0005. Kiritsis Law Firm. 

New York morgue and related use lease agreements. 

New York Buddhist temple and related use lease agreements. 

New York non-profit and related use lease agreements. 

New York lease sales back terms lease agreements. 

New York development site lease agreements. 

New York farming related lease agreements. 

New York livestock related use lease agreements. Phone: (212)–922–0005. Kiritsis Law Firm. 

New York timber related use lease agreements. 

New York oil drilling related use lease agreements. 

New York riparian and water rights related use lease agreements. 

New York dining hall use lease agreements. 

New York tenant-focused and customized lease agreements.

New York condo lease agreements. 

New York condo co-op lease agreements. 

New York co-op-type building premises lease agreements. Phone: (212)–922–0005. Kiritsis Law Firm. 

New York single family dwelling lease agreements. 

New York three family dwelling lease agreements. 

New York multi-family property lease agreements. 

New York commercial use building premises lease agreements. 

New York locker room/storage type lease agreements. 

New York laundromat and other related use lease agreements. 

New York florist, botanical, and horticulture use lease agreements. Phone: (212)–922–0005. Kiritsis Law Firm.

 

We offer prospective clients services throughout the state of New York, including the following counties:

 

Albany

Allegany

Bronx

Broome

Cattaraugus

Cayuga

Chautauqua

Chemung

Chenango

Clinton

Columbia

Cortland

Delaware

Cutchess

Erie

Essex

Franklin

Fulton

Genesee

Greene

Hamilton

Herkimer

Jefferson

Kings

Lewis

Livingston

Madison

Monroe

Montgomery

Nassau

New York

Niagara

Oneida

Onondaga

Ontario

Orange

Orleans

Oswego

Otsego

Putnam

Queens

Rensselaer

Richmond

Rockland

St. Lawrence

Saratoga

Schenectady

Schoharie

Schuyler

Seneca

Steuben

Suffolk

Sullivan

Tioga

Tompkins

Ulster

Warren

Washington

Wayne

Westchester

Wyoming

Yates

 

You can call use today for a FREE initial consultation with a licensed New York real estate attorney at (212) – 922 – 0005.

 

We offer a number of fee payment options, including Flat, Hourly Rate, Mixed-type (various payment plans combined).

 

We accept all standard methods of payment, including Cash, Personal Check, Business Check, Cashier Check, Bank Check, Money Order, Debit Card, most Credit Cards.

 

We also sell template-type products, including legal guide pamphlet-style booklets.

For more information on any of the above services and products, or any type of legally related service product, contact us at any of our New York and New Jersey branch affiliates.

 

For more information, you may want to look up the following source materials:

 

HSTPA of 2019

New York Real Property Law (NY RPL) Section 7

New York City Department of Buildings

New York State Bar Association

New York Uniform Vendor Purchaser Risk Act

 

NY RPL §223

NY RPL §227

NY RPL §235

 

Brown v. Volkening, 64 N.Y. 76 (1876)

Matter of City of New York [Braddock Ave.], 251 App. Dir. 669 (2nd Dept. 1937)

Johnson v. Depew, 33 A.D.2d 645 (4th Dept. 1969)

V.R.W., Inc. v. Klein 68 N.Y.2d 560 (1986)

Stambovsky v. Ackley, 169 A.D.2d 254 (1st Dept. 1991)

Holy Props. Ltd., L.P. v. Cole Prods. Inc., 87 N.Y.2d 130 (1995)

Wells Fargo Bank N.A. v. Carney, S.O. A.D.3d 287 (1st Dept. 2008)

Island Fed. Credit Union v. Smith, 60 A.D.3d 730 (2nd Dept. 2009)

U.S. Bank v. Dellermo, 94 A.D.3d 746 (2nd Dept. 2012)

Carlo v. Koch-Matthews, 53 Misc 3d 466 (Cohoes City Court 2016)

 

Law Offices of Kiritsis & Associates
Phone: 212 922 0005

Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Suite 1306

Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
1st Floor

New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
2nd Floor 

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We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.

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