Kiritsis & Associates

 

Overview of Single Net commercial leases in New York.

Jul 26, 2021

Kiritsis Law Offices. Phone: (212) – 922 – 0005.
Written By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M

 

A single net commercial lease is a contract where the tenant pays rent and the landlord’s property tort obligations. A single net lease does not meet the requirements of a gross lease. However, a single net lease differs from a double net lease and a triple net lease. Leases may be written, oral, or implied. Unlike with residential leases, case laws are more pronounced with commercial leases. This legal guide assumes the parties involved are NOT dealing in any “roomer”-type agreements, including seasonal and temporary occupancies. New York black letter law construes leases on contract law doctrines.

 

Depending on the individual county and/or municipality rules, as well as, the premises' use type and applicable zoning-code type of regulations, a real property lease agreement, may be legally required to file a public-recordation type of document, with the recorder-office.

 

The COVID-19 pandemic has significantly impacted the laws revolving New York leases, in many ways. Trying to account for all COVID-19 legal changes within this subtropical practice area will not only be an unrealistically ambitious venture but likely futile.

 

From this author’s experience, single net commercial leases tend to be more popular regarding office premises (i.e., nonretail storefronts). In New York, if a tenant abandons a commercial lease property (whether a single, double, or triple lease), the landlord typically has no duty to mitigate damages ??? reletting the abandoned premises.

 

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 special zoning classification uses or restrictions be included in New York real property leases, accounting for such uses by the tenant(s)?  Has the lease been reviewed and revised to account for any recent relevant changes in New York law? Do any rent regulation laws apply to the lease?

 

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. through 8 p.m. We offer prospective clients both exhaustive and comprehensive leasing law practice services, including the following:
 

Non-rent regulated residential lease agreements of New York.

Office space lease agreements of New York.

Warehouse commercial use lease agreements of New York.

Office space use lease agreements of New York.

Bank/financial institution use lease agreements of New York. Call our law offices at (212)–922–0005

Gym and other recreational related use lease agreements of New York.

Jewelry and related use lease agreements of New York.

Chemical and pest control related use lease agreements of New York.

Gross lease agreements of New York.Call our law offices at (212)–922–0005 

Single net lease agreements of New York.

Triple net lease agreements of New York.

Real property lease agreements of New York.

Lease agreements modifications of New York.

Cancellation of real property lease agreements of New York. Call our law offices at (212)–922–0005 

Cancellation of commercial lease agreements of New York.

Gas station and related use lease agreements of New York.

Food establishment and related use lease agreements of New York. 

Liquor store and other related use lease agreements of New York.

Parking space and garage related use lease agreements of New York. Call our law offices at (212)–922–0005 

Morgue and related use lease contracts. 

Buddhist temple and related use lease contracts. 

Non-profit and related use lease contracts. 

Lease sales back terms lease contracts. 

Development site lease contracts. Call our law offices at (212)–922–0005 

Farming related lease contracts. 

Livestock related use lease contracts. 

Timber related use lease contracts. 

Oil drilling related use lease contracts. 

Riparian and water rights related use lease contracts. Call our law offices at (212)–922–0005 

Dining hall use lease contracts. 

Tenant-focused and customized lease contracts.

Condo lease contracts. 

Condo co-op lease contracts. 

Co-op-type building premises lease contracts. Call our law offices at (212)–922–0005 

4-plex property lease contracts. 

Mixed-use property lease contracts. 

Industrial use property lease contracts. 

Postal office box related use lease contracts. 

Carwash and other related use lease contracts. Call our law offices at (212)–922–0005 

Hair saloon and related use lease contracts. 

Governmental entity organization related use lease contracts. 

Adults-only recreational use lease contracts, including strip clubs, Marijuana dispensaries, etc.

Co-op propriety lease contracts. 

Drafting lease contracts. Call our law offices at (212)–922–0005

Lease contract and document review services.

 

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.

Potential relevant citations and informational references:

 

New York Constitution

New York City Bar Association

New York Department of Finance

New York State Society of CPAs

General Obligation Law (GOL) §5-702, §5-703

 

NY RPL §226

NY RPL §232

NY RPL §237

 

Hiles v. Fisher, 144 N.Y. 306 (1895)

Lawriv v. Cit of Rochester, 14 A.D.2d 13 (4th Dept. 1961)

Minja K Co. v. Randolph, 140 A.D.2d 245 C 1st Dept, (1988)

Scutti Enterprises, Inc. v. Wackermain Cuchone Custom Builders, Inc., 153 A.D.2d 83 (4th Dept. 1989)

Witter v. Taggart, 78 N.Y.S.2d 234 (1991)

Bonton v. Williams, 42 A.D.3d 795 (3rd Dept. 2007)

Wells Fargo Bank N.A. v. Marchione, 69 A.D.3d 204 (2nd Dept. 2009)

Meyers v. Rosen, 69 A.D.3d 1095 (2nd Dept. 2010)

Pritsiolas v. Apple Bankcorp, Inc., 120 A.D.3d 647 (2nd Dept. 2014)

Kheel v. Molinari, 165 A.D.3d 1576 (3rd Dept. 2018)

 

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

ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.

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.

We offer flat fee prices for many of the practice areas provided listed throughout our website.  For more information on the topic that you may be interested, or simply to find out how our law firm group can help, you may click at any of our site's links.

We are available for existing and potentially new clients 7 days a week – via online, phone and/or in person.

Phone: (212) – 922 – 0005

Website Created & Hosted by Website.com Website Builder