Store Lease

STORE LEASE. This is a comprehensive commercial lease agreement governing the rental of street-level retail space, including any basement area, typically within multi-tenant buildings. It outlines the respective obligations of landlord and tenant, including rent payment schedules, permitted use, insurance, maintenance, repairs, compliance with laws, subletting restrictions, and remedies upon default. The form includes standard clauses addressing casualty damage, condemnation, subordination, notices, and re-entry rights, as well as specialized provisions for hazardous materials, building alterations, signage, and prohibited uses such as pornographic or restaurant operations. It also includes an optional tenant cancellation right, quiet enjoyment covenant, and details regarding security deposits, holdover rent, and sublease relationships under a prime lease. This lease form follows New York real property law and is widely used for retail storefront and small commercial tenancies. www.FormsWorkflow.com