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Welcome to New York City Commercial Leasing. We have developed this site as an informational and educational resource for anyone who is interested in leasing commercial space in New York City or any large money-center city in the United States. We believe that every tenant that is or has been leasing commercial space can benefit from this site, but we expect that it will be particularly useful for the first-time tenant or one who is restructuring or revamping a long-time leasing program. By using the tabs at the left, you will learn about the history, structure and effect of the modern commercial lease, often called the “killer lease,” and how this document, which came onto the commercial real estate scene in the 80s and has been cunningly refined ever since, can provide hidden traps for the unwary. The site (including the links to various resources) has been designed to provide the prospective tenant with an understanding of how its commercial lease can affect its business – including issues of ownership, growth and exit strategy. The site is also designed to provide the prospective tenant with enough information to understand the nature and potential effect of the multiplicity of issues involved in a commercial lease, as well as a methodology for effectively addressing those issues and avoiding the well-hidden traps. This site is sponsored by the real estate department of the New York office of Thompson & Knight, LLP and John B. Wood, Esq., who was named by The Wall Street Journal as “the father of the modern killer lease.” Please do not rely on this informational web site; consult the appropriate professional for advice. To find out more about Thompson & Knight, LLP, click here. |
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