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.


For general information about this course, please call 212-992-3336 or email sps.realestate@nyu.edu.

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• New students registering two days or LESS before the start date of the course may experience delayed access.

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Continuing Education Units (CEU) : 2

You'll walk away with

• Knowledge of key lease terms and clauses
• The ability to evaluate commercial leases

Ideal for

• Real estate owners and investors
• Asset and property managers