9.0 I. Introduction

• Jurisdiction: New York

I. Introduction

For the corporate tenants you represent, office space is a significant expense. For many companies it remains the second- or third-largest expense—after payroll costs. However, it can be unnecessarily expensive if a tenant fails to gain protection against the hidden costs and restrictions that are buried in many leases.

An important point to remember when negotiating an office lease is that your client’s prospective landlord probably has the advantage. If you are like many lawyers, real...