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Assign a Lease A tenant may not assign the lease without the landlord's written con- sent. The landlord may withhold consent without cause. If the landlord reasonably refuses consent, the tenant cannot assign and is not entitled to be released from the Lease.

Your landlord must give you at least 30 days notice if they are not planning to renew your lease or will raise your rent by more than 5%. If you have been living in your home for over a year, your landlord must give at least 60 days notice.

Cost and Hidden Fees. One of the most critical aspects when considering commercial real estate for lease is understanding the full spectrum of costs involved. While the base rent is often the most apparent expense, several hidden fees and additional costs can impact your business's bottom line.

Landlords are required to maintain electrical, plumbing, sanitary, heating, and ventilating systems, and appliances installed by the landlord (such as refrigerators and stoves) in good and safe working order. All repairs must be made within a reasonable time that may vary depending upon the severity of the repairs.

Landlord's Duties This would include the foundation, walls and roof of the building. The landlord is also usually responsible for the electrical, heating and ventilation systems. Meeting building, fire and safety codes is generally up to the landlord.

The amount depends on the length of the lease, the location, and the broker. The percentage usually varies over the course of the lease (e.g. for a five-year lease, the broker could be paid 5% of the first year's base rent, and 4% for the second through fifth years).

The rules about commercial security deposits are a little different. The biggest difference between these deposits and the ones asked for by residential landlords is that there is no real limitation on a commercial deposit. Most residential landlords are confined to asking for a month's rent as security.

As of , the average annual pay for a Commercial Real Estate Broker in New York City is $217,281 a year. Just in case you need a simple salary calculator, that works out to be approximately $104.46 an hour. This is the equivalent of $4,178/week or $18,106/month.

The amount depends on the length of the lease, the location, and the broker. The percentage usually varies over the course of the lease (e.g. for a five-year lease, the broker could be paid 5% of the first year's base rent, and 4% for the second through fifth years).