What Is the Role of a Real Estate Attorney?

Commercial leases in New York City are complicated legal documents. They can range anywhere from 15 to more than 100 pages in length depending on the particular landlord. Therefore, it is in the tenant’s best interest to hire a New York real estate attorney to review a lease and to negotiate modifications on the tenant’s behalf with the landlord’s attorney. The role of a New York real estate attorney usually begins after a lease has been issued, and after the landlord’s agent and the tenant’s broker have reached agreement on lease business terms. Business terms may consist of base rent, any monthly pass-throughs, annual rent escalations, proportionate share of real estate tax increases, electricity, security deposit and build-out costs. Once… Continue reading

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Posted in Brokers & Other Real Estate Professionals.