Restaurant landlords and tenants explain their business models and discuss rents and leases and what matters most to them. James Wacht, a restaurant landlord, broker and attorney and John Fraser, a veteran NYC chef and restaurateur will join David Helbraun for an open and frank...

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A Message to Landlords

April 24, 2020

HEY, LANDLORDS & LEGISLATORS... LISTEN UP! Dear HL Clients,Our voices must be heard.  We are too big and too important to be silenced or marginalized. If we can't get landlords to work with us or legislators to take us seriously, we are going to have to take...

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Your business is buzzing, you’re working 90 hour weeks and everything is going well.  You can’t believe how the neighborhood has grown up around you and patrons and waiting in line to get in on Tuesday nights.  Lucky for you, your rent is manageable, and...

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There comes a time when a restaurant owner (or any business owner) may need to sell their business.  There are several different aspects to the sale of a business, and many steps that need to be taken.  You should perform some due diligence on your...

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When parties agree upon initial terms of a deal, whether it is for the purchase of a business, a purchase of assets, or a commercial lease, they often sign a Letter of Intent, or LOI.  A LOI is a short document that details the major...

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“Sidewalk sheds” are temporary structures built to protect people and property during construction. They are everywhere in New York City, and their numbers continue to grow.  Last year there were a total of 2,668 scaffolds and 5,846 sidewalk sheds according to the New York Department...

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When looking to open a new restaurant or bar, the two choices are to find a new space to rent to use for your restaurant, or to buy an existing restaurant or bar.  Often times, spending the money up front to buy an existing restaurant...

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Usually, 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,...

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One 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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