New York Commercial Sublease Agreement

Lease office, retail or other business premises to a tenant with this New York Commercial Triple Net Lease Agreement.

• Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
• Renewal. The lessee has an option to renew the lease for an additional term.
• Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
• Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
• Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.

Secure the obligations of a corporate lessee under a business lease in New York State with this Guaranty of Commercial Lease template.

Purpose of Guaranty

The guaranty should be signed by one of the owners or managers of a business tenant before the commencement date of the lease.

Key Provisions

• The guarantor guarantees payment of the rent and all amounts due to the landlord, as well as performance of the tenant's obligations under the lease.
• The guaranty includes the landlord's costs of enforcement of the lease. 
• The guarantor waives notice of any demand and notice of default by the corporate tenant.
• The guaranty will remain in effect notwithstanding any bankruptcy, reorganization or insolvency of the tenant.

Format and Legal Jurisdiction

The Guaranty of Commercial Lease template is available in MS Word format and is fully editable and reusable. This document should only be used in the State of New York.

Cancel a lease of office or retail space with this New York Mutual Cancellation of Commercial Lease form.

• This agreement is only for commercial tenancies. Use this form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• Available in MS Word format, downloadable and fully editable to fit your needs.
• Intended for use only in the State of New York.