can a Company be a tenant

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  • Developer · Brooklyn, NY · Member since 2019 · 10 posts · 6 votes
    6y

    Yes, absolutely. If you're a landlord, be wary that a corporate lease can come with additional risks. 

  • Member since 2020 · 2 posts · 0 votes
    6y
    Originally posted by @Andrew Steiker-Epstein:

    Yes, absolutely. If you're a landlord, be wary that a corporate lease can come with additional risks. 

    Thank you, dear Andrew!

    Please provide a link to the law governing such leases in New York.

    Have a nice day!

  • Developer · Brooklyn, NY · Member since 2019 · 10 posts · 6 votes
    6y

    You should speak to an attorney if you have any legal questions. From a practical standpoint, the lease would be the same as a standard residential agreement and governed the same way. I would suggest working with an attorney to add/change some language to reflect the relationship between company on the lease and the residing tenant. You way also want to consider requiring a personal guarantor for the lease.

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