New York City Commercial Real Estate Lawyers
DL Partners offers a distinguished commercial real estate law practice that provides legal counsel, transactional assistance, and dispute resolution services. Our commercial real estate services are designed to accommodate a diverse clientele, including developers, investors, lenders, landlords, and tenants.
Our commercial real estate law practice encompasses a variety of services including drafting and reviewing commercial leases and purchase agreements, conducting real estate closings, and providing guidance on related legal and regulatory matters.
Commercial Real Estate Legal Services
Our commercial real estate attorneys specialize in devising strategies that protect our clients’ interests, ensure smooth transactions, and handle any potential disputes. Our services include:
Navigating Commercial Transactions
Our lawyers work with clients to facilitate commercial real estate transactions, ranging from purchase and sale transactions, leasing, and financing. We ensure all contracts and agreements are well-drafted, enforceable, and align with our clients’ business goals. We also handle title searches, escrow services and closing procedures.
Due Diligence and Risk Management
We understand the complexities and potential risks inherent in commercial real estate transactions. Therefore, we conduct thorough due diligence in tandem with our clients, to uncover any potential issues and devise risk management strategies to protect our clients’ interests.
Our attorneys are experienced in managing and resolving disputes related to commercial real estate, including breach of contract, landlord-tenant disputes, boundary disputes, title related issues and more.
Commercial Real Estate Advisory Services
We provide a wide range of advisory services, including interpreting and enforcing lease and contract terms, preparing necessary legal documentation, and providing sound legal representation in commercial real estate disputes.
International Commercial Real Estate Services
We represent both U.S. clients with overseas real estate interests and foreign clients with properties in the U.S. Our international commercial real estate services include:
- Guiding clients through the complexities of international real estate transactions.
- Advising on legal and regulatory considerations in international real estate.
- Developing strategies to manage and mitigate risk in cross-border transactions.
Commercial Real Estate Dispute Resolution Services
Our attorneys have significant experience representing clients in commercial real estate disputes. We work closely with clients to resolve conflicts related to purchase agreements, lease agreements, land use issues, and other commercial real estate matters.
At DL Partners, we understand that commercial real estate transactions can be complex and potentially contentious. Our experienced attorneys are committed to providing personalized service and sound legal advice throughout each stage of the process.
We work with our clients to develop strategies that meet their unique needs and objectives. Contact us today to learn more about our commercial real estate law practice and how we can assist you with your commercial real estate needs.
What is commercial real estate law?
Commercial real estate law governs the sale, purchase, lease, and use of properties intended for business purposes, such as office buildings, retail centers, and industrial properties.
Commercial leases are used for various types of commercial properties, such as office spaces, retail stores, warehouses, industrial facilities, and other non-residential properties. Unlike residential leases, which are more standardized and regulated in many jurisdictions, commercial leases are often more flexible and negotiable. The terms and provisions in a commercial lease can vary significantly depending on factors such as the location of the property, the type of business, the length of the lease, and the bargaining power of the parties involved.
Some common elements typically included in a commercial lease are as follows:
- Lease Term: The lease specifies the duration of the lease, which can vary from a few months to several years. Longer lease terms may offer stability for businesses, while shorter terms provide more flexibility.
- Rent and Rent Escalations: The lease outlines the amount of rent the tenant must pay and the frequency of rent payments. It may also include provisions for rent increases over the course of the lease, either through fixed escalations or based on specific factors like inflation or percentage increases.
- Security Deposit: Commercial leases often require tenants to pay a security deposit upfront to protect the landlord against potential damages or lease violations.
- Use of Premises: The lease specifies the allowed use of the commercial space and may include restrictions on the type of business activities that can be conducted on the property.
- Maintenance and Repairs: The responsibilities for property maintenance and repairs are defined in the lease. It clarifies which party (landlord or tenant) is responsible for different aspects of maintenance and upkeep.
- Common Area Maintenance (CAM) Charges: For properties with shared common areas, such as shopping centers or office complexes, the lease may include provisions for the tenant’s share of common area maintenance expenses.
- Improvements and Alterations: The lease outlines the conditions and approvals required for any modifications or improvements the tenant wishes to make to the property.
- Subleasing and Assignment: Commercial leases often address whether the tenant is allowed to sublease or assign the leased space to another party.
- Insurance: The lease may require the tenant to carry specific types of insurance coverage, such as liability insurance and property insurance.
- Default and Remedies: The lease defines the actions the landlord can take if the tenant defaults on the lease, including eviction or legal remedies.
Why do I need a commercial real estate lawyer?
A commercial real estate lawyer can help ensure your transactions comply with applicable laws, identify and manage potential risks, draft and review contracts, and represent your interests in the event of a dispute.
What is due diligence in commercial real estate?
Due diligence is the process of investigating a property before purchasing it. This can include inspecting the property, reviewing contracts and leases, checking for zoning or land use issues, and more.
What is a commercial lease?
A commercial lease is a contract between a landlord and a business tenant, outlining the terms and conditions under which the tenant may use the property for business purposes.
What happens if there is a dispute in a commercial real estate transaction?
If there is a dispute in a commercial real estate transaction, parties typically try to negotiate a resolution. If this is unsuccessful, mediation or arbitration may be pursued. As a last resort, legal action may be taken, where a commercial real estate attorney can provide guidance and representation.