Thursday, February 20, 2020, 1:00-2:00pm
In small space leases, tenants are much more sensitive to the cost or reviewing and negotiating lengthy leases.
The panoply of tenant use restrictions in lengthier leases tend to suffocate the ability of smaller tenants to operate their businesses. Landlord rights and remedies in "short form" leases tend to leave tenants with little flexibility and few remedies for landlord breaches. At the same time, landlords fear the instability and costs associated with small tenants. This makes focusing on the economic essentials important to landlords and the operating essentials important to tenants in small leases very important.
This program provides a real world guide to reviewing a small commercial lease, including economics, use restrictions, subleasing, and remedies.
- Red flags in "short form" leases for small tenants
- Ensuring "use" restrictions allow tenant to operate its business
- Common area maintenance, taxes, insurance, fees and penalties
- Scope of landlord services to tenant – and landlord remedies
- Exit issues – "go dark" provisions, subletting, tail liability
Click on the "In Depth" tab for tuition and speaker information.