Drafting Small Commercial Real Estate Leases

course

COURSE INFO

  • Presentation Date 2/20/2020
  • Next Class Time 11:00 AM MT
  • Duration 60 min.
  • Format Audio Webcast
  • Program Code 02202020
  • MCLE Credits 1 + hours


Course Price: $89.00

COURSE DESCRIPTION

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 will provide you 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

 

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