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In the iconic scene from the classic movie Cool Hand Luke, the role played by character actor Strother Martin famously complains to the character played by Paul Newman: "What we've got here, is failure to communicate." Just like the consequences faced by Newman's character for that failure, the consequences of a failure to communicate on a construction project can also be severe. Ineffective project communication can lead to project delays, poor work, increased costs, misunderstandings and [...]

New York's Courts Uphold the Letter of New York City's Guaranty Law Holland & Knight Retail and Commercial Development and Leasing Blog New York City enacted Administrative Code Section 22-1005, known as the "Guaranty Law" prohibiting enforcement of personal guaranties and supporting commercial leases, in May 2020. The law applies to defaults that occurred between March 7, 2020, and June 30, 2021. It includes a declaration of legislative intent explaining that the New York City [...]

During the due diligence process, whether an attorney represents the lessor or the lessee, the attorney will want to consider numerous lease provisions when advising the client. Although every situation is different, the following are some key lease provisions that often arise during due diligence. Please note that in this article “due diligence” is being used somewhat loosely to encompass everything from considering a particular property to the terms to include in a letter of [...]