New York Commercial Lease Agreement
Professional business property lease template with CAM charges, percentage rent, and NY commercial compliance
New York Commercial Lease Features
CAM Charges
Common area maintenance calculations and tenant share formulas
Percentage Rent
Base rent plus percentage of gross sales for retail spaces
Rent Escalation
Annual increases, CPI adjustments, and market rate reviews
TI Allowance
Tenant improvement budgets and build-out specifications
Types of Commercial Leases in New York
Choose the right lease structure for your business property
Retail Lease
For storefronts, shopping centers, and retail spaces
- Percentage rent clauses
- Co-tenancy requirements
- Exclusive use provisions
- Signage and storefront rights
- Hours of operation
Office Lease
For professional offices and corporate spaces
- Parking allocation
- After-hours access
- Utilities and services
- Subletting rights
- Building amenities
Industrial Lease
For warehouses, manufacturing, and distribution
- Loading dock access
- Power requirements
- Environmental compliance
- 24/7 operations
- Equipment installation
Understanding CAM Charges in New York
Common Area Maintenance fees typically include:
New York Commercial Lease Laws
Important regulations for business property leases in NY
Commercial Eviction
New York requires 3-day notice for rent default and 30-day notice for lease violations. Commercial tenants have fewer protections than residential tenants.
Personal Guarantees
Landlords in NY can require personal guarantees from business owners, making them personally liable for lease obligations.
Security Deposits
No statutory limit on commercial security deposits in New York. Typically 1-3 months' rent plus first and last month.
Commercial Lease Negotiation Tips for New York
🎯 Free Rent Period
Negotiate 1-3 months free rent for build-out and move-in. Longer leases typically get more concessions.
📈 Cap Annual Increases
Limit rent increases to 3-5% annually or tie to CPI with a cap. Avoid open-ended escalation clauses.
🔄 Assignment Rights
Retain the right to assign or sublet with reasonable landlord consent. Critical for business flexibility.
🚪 Exit Clauses
Include early termination options, co-tenancy clauses, or performance-based outs for protection.
💰 TI Allowance
Request $20-50 per square foot for tenant improvements, depending on property type and condition.
🛡️ Limit Guarantees
Negotiate "good guy" guarantees that end when you vacate, not for the entire lease term.
Commercial Properties We Cover in New York
Commercial Lease FAQs for New York
Common questions about business property leases in NY
Professional Business Property Lease for New York