Negotiating and Drafting Commercial Leases
Annual Subscription with Automatic Renewal
“[An] extraordinary treatise.... The real value of this book is in its practical evaluation of lease provisions, the motivations of the parties, and the reasonable (and unreasonable) positions that parties to a lease often take.”
and Prof. Celeste Hammond, John Marshall School of Law,
in Commercial Leasing: A Transactional Primer
Negotiating and Drafting Office Leases, now called Negotiating and Drafting Commercial Leases, offers a practical road map through the entire leasing negotiation process. It reviews the clauses of a typical complex modern lease in detail, with explanation and commentary, examining the legal, economic and financial accounting ramifications.
Compared to recent years, there are very few commercial property owners, developers, design professionals, lenders, tenants and landlords that are NOT utilizing sustainable designs and materials.
The NEW Release 46 for Negotiating and Drafting Commercial Leases includes a complete revision of the green leasing materials to reflect this industry shift. Included is everything you need to know about the numerous motivations for building green; the current green leasing certification requirements; and many sample provisions for drafting green leases, including sustainability clauses, operating expenses, and alterations.
This Release also provides coverage of a number of trends impacting office leasing, including:
· Virtual reality vs. augmented reality, and how these technologies are used in leasing, as well as their impact on real estate deals
· Pop up leasing and how these short-term leases should be structured for the landlord and the tenant
· Implications for office leases of the legalization of marijuana, including tenant compliance with state law and federal guidelines; potential for nuisance to other tenants; and additional landlord requirements in such leases
· Expectation that there will continue to be greater implementation of cryptocurrencies through blockchain to drive efficiencies through digitization and create more accurate records of ownership that update in real time
Negotiating and Drafting Commercial Leases also covers:
Negotiating strategies and styles
Pitfalls created by other agreements entered into by the parties to a lease
Repairs and maintenance
Assignments and subleases
Environmental compliance and due diligence
Electricity and utilities costs and issues
The "Porter's Wage" escalation provision
Tenant monitoring of landlord's escalation calculations
Guarantors and security deposits
Proving the existence of a lease when the original document is lost
Renewals and options
Financing development through participation leases
Lease audits...and more!
This invaluable primer comes with 150 forms, including: landlord/tenant checklists of typical and atypical lease provisions; a sample tenant's proposal letter; work letter materials; a sample asbestos removal clause; good guy clauses; and other samples that will help beginners and experts, alike, involved in commercial real estate transactions. For your convenience, these forms are now available through our interactive, online platform in place of the CD-ROM. If you have any questions, please contact our customer service team at 1-807-8076 or firstname.lastname@example.org.
Book #00624; looseleaf, two volumes, 3,190 pages; access to our interactive, online platform published in 1995, updated as needed; no additional charge for updates during your subscription. Looseleaf print subscribers receive supplements. The online edition is updated automatically.ISBN: 978-1-58852-061-6
|Division Name||Law Journal Press|
|Brand||Law Journal Press|
Office Lease Fundamentals
§ 1.01 Evolution of the Modern Office Lease—Emergence of the “Killer Lease”
 Looking to the Future—Trends Impacting Office Leasing
 Necessity of a Writing
 Elements Required for Enforceability
 Can Electronic Communications Satisfy the Writing Requirement Under the Statute of Frauds?
 Uniform Standards Toward a Fair Lease
 Contract Interval Before Possession
 Cancellation of the Lease
 Conditional Demising
 Checklist of Lease Provisions
 Omission of Terms
 Following Lease Time Lines
 Precision Drafting
 Value of Lease Forms for Landlord and Tenant
 Long Range Planning
Who Is the Landlord and Who Is the Tenant?
§ 2.01 Who Has Authority to Sign the Lease?
§ 2.02 Who Is the Landlord?
 Ground Leases
 Landlord as Assemblage Owner
 Partnership or Corporation as Landlord
§ 2.04 Limitations on Landlord’s Authority
§ 2.05 Title Insurance
 Title Insurance Coverage
§ 2.07 Summary
The Leased Premises
§ 3.01 Space Selection
§ 3.01A Description of Demised Premises
§ 3.02 Measurement Standards
 International Property Measurement Standards for Office Buildings
§ 3.04 Compliance and Safety
 Building Safety
 Nature of Substituted Premises
 Landlord’s Payment Obligations
 No Additional Costs for the Tenant
 Tenant’s Right to Terminate
§ 3.07 Summary
The Lease Terms
§ 4.01 Commencement of the Lease Terms
 Possession for Occupancy Terms
 Demising Term
 Rental Term