Tuesday, February 19, 2019, 2:30-3:30pm
Office and retail space leases are complex and lengthy instruments.
The recent aftermath of the real estate crisis have also highlighted the risks and costs of poorly drafted leases for both landlords and tenants.
Economic provisions need to reflect changes over time, including rent escalators for landlords, but also flexibility for the tenant to return or sublease space it can no longer use.
There are subtle tradeoffs among exclusivity rights in retail leases, rents and the term of the lease. Common area maintenance expenses, whether in an office building or retail center, are also fertile sources of cost estimate overruns and disagreements.
This program provides a practical guide to negotiating and drafting real office and retail space.
Part 2 topics include:
- Common area maintenance issues – rates, limits, and capital improvements
- Protecting against landlord or tenant default and drafting effective remedies
- Exclusivity – no competition in the retail development and related issues
- Special issues when negotiating retail co-tenancies
- Renegotiating existing office and retail space issues
- Make-ups and give-backs: Lease renegotiation strategies for tenants and practical responses of landlords
Click on the "In Depth" tab for tuition and speaker information.