How a Logistics & Supply Chain Business Hired a Lawyer to Review a Commercial Lease Agreement in New York (September 2022)
See real project results from ContractsCounsel's legal marketplace — this September 2022 project was posted by a Logistics & Supply Chain business in New York seeking help to review a Commercial Lease Agreement. The client received 6 lawyer proposals with flat fee bids ranging from $550 to $1,500.
Review
Commercial Lease Agreement
New York
Business
Logistics & Supply Chain
Less than a week
$550 - $1,500 (Flat fee)
6 bids
15 pages
How much does it cost to Review a Commercial Lease Agreement in New York?
For this project, the client received 6 proposals from lawyers to review a Commercial Lease Agreement in New York, with flat fee bids ranging from $550 to $1,500 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Project Description
Need help with a Commercial Lease Agreement?
Lawyers that Bid on this Commercial Lease Agreement Project
Attorney
21 years practicing
Free consultation
Corporate & M&A | Venture Capital, Private Equity & Web3 Counsel | Real Estate Transactions
10 years practicing
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Principal
39 years practicing
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Attorney
19 years practicing
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16 years practicing
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28 years practicing
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Senior Associate
16 years practicing
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Commercial Lease Agreement
Massachusetts
Can a landlord increase the rent during the term of a commercial lease agreement?
I am a small business owner who recently signed a commercial lease agreement for a retail space. The lease specifies a fixed monthly rent for the duration of the lease term, which is three years. However, I have received a notice from the landlord stating that they intend to increase the rent by 20% starting from the second year of the lease. This sudden increase is unexpected and would significantly impact my business's profitability. I want to know if the landlord has the legal right to increase the rent during the term of the lease agreement, and if so, what options do I have to negotiate or challenge this increase?
Laura H.
One of the primary benefits of a lease, from a tenant's perspective, is that it allows them to stay in a property for a set time at a guaranteed rental rate. The landlord is bound by the amount agreed to in the lease and cannot legally raise it without the tenant's consent. They cannot force a tenant to consent by threatening eviction. Some commercial leases include a clause that requires the tenant to pay a portion of property taxes, utilities to the landlord, or other amounts that are not fixed at the time of signing. That could result in an increase before the lease ends. Read the document carefully to see if it has such a clause.