This seminar is designed to walk the attendee through the components of a commercial lease, including basic elements to include, definitions of terms, how to draft the lease in order to avoid disputes later on, and when to get a real estate broker involved. The audience would include real estate investors, bankers, brokers, agents, developers, landlords, property managers, accountants, financial planners and attorneys.
Topics to be discussed include:
- Formal Elements, Parties, And Authority, Base Rent And Escalation
- Tenant Due Diligence
- Costs, Pass-Throughs, And Percentage Rent
- Assignment, Subletting, And Hidden Impediments To The Transfer Of The Tenant's Business
- Protecting The Lender From The Landlord And Protecting The Tenant From The Lender
8:30 a.m. - 8:45 a.m.
I. Overview And Dual Nature Of The Lease
8:45 a.m. - 10:00 a.m.
II. Formal Elements, Parties, And Authority, Base Rent And Escalation
III. Tenant Due Diligence
10:00 a.m. - 10:10 a.m.
10:10 a.m. - 11:40 a.m.
IV. Negotiating The Build Out Provisions, Including Leases For Projects
That Are Not Yet Developed
V. Costs, Pass-Throughs, And Percentage Rent
11:40 a.m. - 12:40 p.m.
Lunch (On Your Own)
12:40 p.m. - 1:40 p.m.
VI. Control Over The Retail Tenant: Use Clauses, Exclusive Rights To
Use, Covenants Of Continuous Operation And Restrictive Radius
1:40 p.m. - 2:40 p.m.
VII. Assignment, Subletting, And Hidden Impediments To The Transfer
Of The Tenant's Business
2:40 p.m. - 2:50 p.m.
2:50 p.m. - 4:20 p.m.
VIII. Risk Allocation, Indemnity And Insurance
IX. Protecting The Lender From The Landlord And Protecting The
Tenant From The Lender
4:20 p.m. - 4:30 p.m.
X. Question And Answer