What is the name of your state? NY (Brooklyn)
I'm looking at signing a commercial lease on a ground floor apartment which includes a storefront, with intent to use the front space for seasonal/cottage retail.
The front/commercial area comprises about 1/3 of the total space. (the rear/residential is a 2BR)
The building itself is two-story, with 2 additional apartments on the upper floor.
The place was initially being considered as an apartment only, including the "store" space but with the shop windows impremanently covered (grate) - but the possibility inevitably arose of using the space to some advantage.
My brief research has revealed to me the massive extent to which the explicit conditions of a commercial lease can affect any dispute resolution, and in general dictate liabilities, and I have found some of the more insightful open discussion of this topic here on FA...
I would be renting directly from the building owner couple (they do not live in-building) and in initial discussion they have been open to whatever "reasonable" terms could be added to the lease to make it "more like a" residential lease in terms of renter's rights/responsibilities. They claim a tax advantage to renting the space commercially, but that the apartment itself is "to code" (though, as i understand, without a proper occupancy permit).
What would be some important things to specify in the contract to cover myself, and what would be conditions no "reasonable" amount of jargon would clear me of, in such a mixed use situation?
Any issues that would not be covered in a contract that I should be wary of? Any details that would determine specific conditions to define or be wary of?
Any help appreciated.
I'm looking at signing a commercial lease on a ground floor apartment which includes a storefront, with intent to use the front space for seasonal/cottage retail.
The front/commercial area comprises about 1/3 of the total space. (the rear/residential is a 2BR)
The building itself is two-story, with 2 additional apartments on the upper floor.
The place was initially being considered as an apartment only, including the "store" space but with the shop windows impremanently covered (grate) - but the possibility inevitably arose of using the space to some advantage.
My brief research has revealed to me the massive extent to which the explicit conditions of a commercial lease can affect any dispute resolution, and in general dictate liabilities, and I have found some of the more insightful open discussion of this topic here on FA...
I would be renting directly from the building owner couple (they do not live in-building) and in initial discussion they have been open to whatever "reasonable" terms could be added to the lease to make it "more like a" residential lease in terms of renter's rights/responsibilities. They claim a tax advantage to renting the space commercially, but that the apartment itself is "to code" (though, as i understand, without a proper occupancy permit).
What would be some important things to specify in the contract to cover myself, and what would be conditions no "reasonable" amount of jargon would clear me of, in such a mixed use situation?
Any issues that would not be covered in a contract that I should be wary of? Any details that would determine specific conditions to define or be wary of?
Any help appreciated.
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