Retail Lease

RETAIL LEASE. This is a comprehensive form issued by the Committee on Real Property Law of the Association of the Bar of the City of New York for use in leasing retail space within commercial buildings in New York. This form governs the relationship between landlord and tenant, outlining key provisions on rent, use restrictions, maintenance, signage, taxes, insurance, assignment, default, and remedies. It also includes optional riders for extension terms and food service uses, as well as exhibits for landlord’s work, premises description, rent schedule, rules and regulations, and guaranties (both full and “good guy” forms). The lease emphasizes compliance with building rules, hazardous materials laws, and financial assurance via security deposits or letters of credit. It serves as a model retail lease adaptable for various transaction sizes and tenant types. www.FormsWorkflow.com