Signing a lease can be a massive commitment for a tenant. A lease term can run for a long period of time, and the monetary obligations that a tenant can incur can be very burdensome. It is therefore extremely important for a tenant to really understand its needs prior to signing a lease, and for the tenant to try and negotiate a lease structure that fits its needs and risk tolerance. Although the key deal [...]
As the commercial real estate market continues to be strained by a combination of rising interest rates and a pending recession, causing a decline in commercial real estate valuations and a restricted lending market, the need for new equity to cover the "shortfall" in the capital stack of many real estate investments is growing. The need of real estate owners to find new equity is arising in a multiple of circumstances, the most prevalent being [...]
New York State imposes a transfer tax on conveyances for both commercial and residential real property located within the state. The current transfer tax rate for New York State is 0.4%. Additional transfer taxes may also be imposed depending on certain counties and municipalities within New York. Typically, transfer taxes are paid by the sellers or the grantor. The parties can also negotiate, as part of their contract, that the purchaser is required to pay [...]