Following strikes and work stoppages in April of this year, fast food workers held a press conference on May 16, 2013, to call attention to a recent report detailing “wage theft” in their industry. The report claims that of the 500 New York City fast...
Read More >What is a Good Guy Guaranty?
May 23, 2013Usually, the tenant in a commercial lease will be a company (LLC or corporation) as opposed to an individual. In these cases, the landlord will generally require a personal guaranty from a principal of the company. Instead of a full guaranty of the entire lease,...
Read More >How Long Should My Commercial Lease Be?
May 7, 2013One question that comes up quite often in discussing commercial leases, in particular restaurant leases or retail leases, is exactly how long should the lease be for? While the industry standard for a restaurant lease is ten (10) years for the initial term with a...
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