Ny One Year Lease Agreement

The New York commercial lease agreement creates an owner-tenant relationship that involves the use of rental space by a natural or legal person exercising a commercial function. When selecting a tenant, the landlord`s goal is first to determine whether the applicant would be a suitable tenant. The lessor will usually ask the natural or legal person to complete a rental application in order to obtain their current income profile, previous income and corporate tax returns and references (former lessors). The owner should. Compared to other countries, NY has relatively fewer mandatory conditions to meet. For this reason, landlords should ensure that they are covered by adding something unique to their leasing situation as a condition in a lease agreement.