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Unlike so many other aspects of the commercial leasing business, methods of paying rent haven’t changed all that much over the years. The majority of tenants still mail out their monthly checks to the landlord. However, a growing number of businesses prefer to remit their rent electronically using ACH or wire transfer. Agreeing to electronic transfer of rent can be a win-win, provided that you get the right lease protections, advises a seasoned New York City leasing attorney with experience in negotiating such arrangements.
