New York Commercial Lease Agreement Template
A New York commercial lease agreement establishes a landlord-tenant relationship that involves the use of rental space by an individual or entity operating in a commercial capacity. When selecting a lessee, the landlord’s first objective is to determine if the applicant would be a suitable tenant. The landlord will usually ask the individual or entity to fill out a rental application to obtain their current income profile, past income and corporate tax filings, and references (previous landlords). The landlord should also check zoning laws to confirm that the space meets all local ordinances. Once a tenant has been approved and the terms are agreed upon, the parties may sign a written lease to create a binding contract.