NYC Commercial Lease Attorney

Commercial Lease Negotiation & Review in NYC

A commercial lease is one of the most consequential contracts a business will sign. In New York City, where commercial rents are among the highest in the country, the specific terms of your lease can determine whether your business thrives or struggles under the weight of unfavorable obligations. A poorly negotiated lease can expose you to unexpected costs, restrict your operational flexibility, and create liabilities that persist long after you vacate the space.

At Agarunov Law Firm, P.C., we represent both landlords and tenants in commercial lease transactions across Manhattan, Brooklyn, Queens, and all five boroughs. Whether you are a business owner signing your first lease, a growing company renegotiating terms, or a landlord drafting lease agreements for your properties, we ensure that the lease terms protect your interests and reflect a fair allocation of risk.

Our Commercial Lease Services

Lease Negotiation for Tenants

When representing tenants, our primary objective is to secure the most favorable terms possible while ensuring the lease does not contain hidden traps or disproportionate obligations. We negotiate every material provision including base rent and annual escalations, lease term, renewal options and termination rights, tenant improvement (TI) allowances and build-out timelines, rent abatement periods during construction, operating expense and real estate tax pass-throughs, assignment and subletting rights, exclusivity and co-tenancy provisions for retail leases, personal guarantee limitations and burnoff provisions, and restoration obligations at lease expiration.

Lease Drafting for Landlords

For landlords and property owners, we draft commercial leases that protect your property, secure reliable rental income, and minimize legal exposure. Our lease drafting addresses tenant obligations for maintenance, insurance, and compliance, clearly defined permitted use restrictions, robust default and remedy provisions, appropriate security deposit and guarantee structures, construction and alteration approval requirements, holdover provisions and penalties, and subordination, non-disturbance, and attornment (SNDA) provisions.

Lease Review & Analysis

If you have been presented with a lease by a landlord or broker, having your attorney review it before signing is essential. Standard commercial leases in NYC can run 50 to 100 pages or more and contain highly technical provisions with significant financial consequences over a 5, 10, or 15-year lease term. We review every provision, identify risks and unfavorable terms, and provide clear guidance on what should be renegotiated.

Lease Renewals & Extensions

Lease renewals are an opportunity to renegotiate terms, update provisions to reflect current market conditions, and address issues that arose during the initial term. We represent tenants and landlords in renewal negotiations, ensuring that escalation rates, maintenance obligations, and other key terms are fair and current.

Sublease & Assignment

If your business needs to vacate leased space before the lease expires, subletting or assigning may be an option. We review your lease's subletting provisions, prepare sublease agreements, negotiate landlord consent, and ensure compliance with all required procedures.

Key Commercial Lease Provisions We Negotiate

• Rent Escalation Clauses: Fixed annual increases, CPI adjustments, or percentage rent structures for retail tenants
• Operating Expense Pass-Throughs: Base year vs. net lease structures, cap provisions, and audit rights
• Tenant Improvement Allowances: Dollar amounts, disbursement schedules, and construction oversight
• Personal Guarantees: Scope limitations, good-guy clauses, and burnoff provisions
• Use Clauses: Permitted use definitions, exclusive use restrictions, and radius restrictions
• Default & Cure Provisions: Notice requirements, cure periods, and available remedies
• Insurance Requirements: Types of coverage, limits, and additional insured requirements
• Surrender & Restoration: Obligations to restore the premises at lease expiration

Serving New York and New Jersey

Agarunov Law Firm is licensed to practice in both New York and New Jersey. In addition to representing clients across all five NYC boroughs and Long Island, we handle real estate transactions in Northern and Central New Jersey including Bergen County (Englewood, Fort Lee, Hackensack, Teaneck, Paramus), Hudson County (Jersey City, Hoboken, Weehawken), Essex County (Newark, Montclair, Livingston), Passaic County (Paterson, Wayne, Clifton), and Middlesex County (New Brunswick, Edison, Woodbridge).

Our dual-state licensing allows us to represent clients in cross-border transactions and provide seamless legal counsel whether your property is in New York, New Jersey, or both.