Restaurant Lease (Shopping Center) (Net Lease) (Landlord-friendly Long Form with Tenant-friendly Optional Provisions) (New York)

The restaurant lease template is a legally binding agreement specifically designed for restaurant owners interested in setting up their business within a shopping center in New York. This particular lease agreement follows a net lease structure, where the tenant is responsible for paying a base rent plus additional expenses such as property taxes, insurance, and maintenance costs.

The lease template is primarily written from a landlord-friendly perspective, ensuring that the rights and interests of the landlord are adequately protected. It outlines the obligations and responsibilities of both the landlord and tenant, covering various aspects including lease term, rent payment schedule, premises modifications, permitted uses, operating hours, and maintenance requirements.

Additionally, the template also includes several tenant-friendly optional provisions that may be negotiated between the parties. These provisions allow tenants to seek certain concessions or benefits from the landlord, such as exclusive rights to particular services or products, rent abatement or reduction based on specific conditions, or flexibility in lease assignment or subletting.

Overall, this comprehensive lease template aims to provide a legally sound foundation for establishing a restaurant within a shopping center in New York, while offering some tenant-friendly provisions that can be customized to fit the specific needs and negotiations of both parties involved.