A New York commercial lease agreement is a legal contract a landlord uses to rent a commercial space to a business entity. It defines the landlord-tenant relationship, including the rights and responsibilities of each party.
A landlord will often request various information from the tenant to ensure they’ll fulfill their end of the agreement. For example, they may ask the tenant for a history of their past income, project income, and references. A tenant can also confirm they’re entering a beneficial arrangement by inspecting the property to ensure it meets their needs for operating in a commercial capacity.
New York Business Entity Search: Confirm a business has the authorization to conduct its operations in the state.
REQUIREMENTS
Rental Laws: Consolidated Laws of New York Chapter 38, Article 2-A.
Consumer Protection Laws: Consolidated Laws of NY § 2-A-104.
Jurisdiction: According to Consolidated Laws of NY § 2-A-106, the parties to a consumer lease must choose a jurisdiction
- in which the lessee resides at the time the agreement becomes valid or
- in which the goods are to be used.
Any other jurisdiction selection isn’t enforceable.
