Insurance

Insurance and liability requirements are among the many complex issues that your commercial lease will address. Negotiating lease terms for New York City office space is the primary responsibility of your attorney. But Metro Manhattan Office Space, an experienced commercial real estate tenant representative broker, helps tenants understand the basic insurance and liability protections that should be included, and works in cooperation with attorneys during lease term negotiations. What is Commercial Liability Insurance? Liability insurance protects insured parties from liability in third-party claims concerning personal injury or property damage. Insurance Requirements New York City landlords require their tenants to have liability insurance. Commercial tenants are not permitted to take possession of leased space until their insurance policy is effective. Prior… Continue reading

Posted in Commercial Leasing 101.
Moving Offices in Manhattan

A Manhattan office relocation can be a tricky and often overwhelming experience. There are so many moving pieces to a business relocation that in order to be up and running in your new space on time, careful planning months ahead of time is crucial. If you’re planning a Manhattan office relocation in the next six months, here is a checklist of important, but often overlooked, must-do tasks. 60 – 90 Days Until “The Move” Assign an internal project manager to oversee the entire move. Make sure your project manager has the time and energy to devote to this demanding project. Set up a weekly meeting with all parties involved for status updates. Find out from your commercial real estate broker the voice,… Continue reading

Posted in Commercial Leasing 101.