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Archive for May 2018

A Guide to Rent Escalation Clauses in a Long Island Lease

Today, the majority of commercial lease agreements in Long Island will contain a rent escalation clause. This standard section of the lease delineates the terms for how and when rent increases throughout the lease term. There are several ways to structure a rent escalation clause, and the exact terms can become a major point of…

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Things to Consider Before Buying a Landmarked Building on Long Island

If you always dreamed of renovating a historic building or home in Long Island, you probably had visions of preserving old floors and peeling back wallpaper. You may have pictured crown molding and original details. However, you probably didn’t envision or picture the legal obligations and building code requirements you’d need to follow during the…

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