Navigating Commercial Leases
Examine standard office and retail lease forms, understand the motivations of the parties to a lease, and develop a framework for negotiation—from term sheet to closing. Topics include full-service, triple-net, and modified-gross leases; legal terminology in leases; expenses and additional rent clauses, including operating expenses, common area maintenance (CAM), and real estate taxes; exit strategies, including assignment and sublease; the tenant’s rights of first offer, first refusal, renewal, and termination; the role of lenders in commercial leases; guarantees and types of security deposits; insurance and environmental issues; and use and operating covenants specific to retail leases.
You'll Walk Away with
- Knowledge of key lease terms and clauses
- The ability to evaluate commercial leases
- Real estate owners and investors
- Asset and property managers