Feature

Draft Favorable Work Letter Terms Before Construction Begins

August 30, 2018    

Many tenants need to customize the space they lease, whether it’s in an office building or shopping center. But altering space—even for simple improvements—can be complicated. So when signing leases, you’ll want to have a work letter agreement—a contract that...

Negotiate 12 Key Points in Security Deposit Clause

August 15, 2018    

Although leases provide remedies for many types of breaches, it can be hard to collect money later from an erstwhile tenant. Two major financial issues for owners are lease defaults and damage to space. If you’ve dealt with one or both of these potentially very expensive issues in the past...

Negotiate Win-Win Property Insurance Deductible Clause

July 19, 2018    

Tenants large and small are attracted to the best deals for commercial space. But savvy tenants know that bottom line-friendly deals aren’t limited to items like comparatively low base rent rates or generous concessions and improvement allowances that beat offers from other landlords....

Negotiate 11 Safeguards in Insurance Clause for 'Hazardous' Materials Tenant

June 20, 2018    

A big part of successfully running a shopping center is ensuring the safety of tenants, their employees, your employees, and customers. With security cameras or a security guard and alarms, you might think that you have the safety aspect of your operations locked down. But here’s something...

Use Contractual Lien Provision When Leasing to Uncertain Tenants

May 29, 2018    

In recent years, filling space at shopping centers with smaller, non-traditional tenants rather than large national stores (many of which are suffering financially) has been a successful strategy for landlords. If you’re taking advantage of this rapidly growing trend, you should be aware...

Draft Airtight Rent Abatement Provisions

April 30, 2018    

Rent abatement is frequently mentioned when discussing commercial leases. But it’s not as simple as including a clause that spells out the circumstances under which tenants are entitled to withhold rent. There are many variables and, if you don’t draft rent abatement provisions...

How to Draft Owner-Friendly Lien Subordination Agreement

April 10, 2018    

Tenants often seek financing to help them run their businesses, so you have probably gotten numerous requests from tenants for a “landlord’s lien waiver.” Without the lien waiver, a tenant’s lender may refuse to go through with the loan, or an equipment lessor may refuse...

Lease Every Area of Property to Maximize Revenue Stream

April 10, 2018    

No matter how successful you are at minimizing costs and maximizing profits from your leases with tenants at your shopping center or office building, there’s no reason to overlook new ways to generate more rent and income....

Require Tenant to Reimburse You for Unamortized Improvements

March 27, 2018    

When a tenant violates a lease that subsequently ends in termination, shopping center and office building owners might be looking at hefty costs that at least initially will fall on them. Lost rent and the cost and effort of finding a replacement tenant can reach into the tens of thousands of...

Take Key Factors into Account Before Leasing to Restaurant Tenant

February 23, 2018    

Over a million restaurants in the United States generate billions in sales each year. Commercial property owners know that having a visible and successful restaurant is not only lucrative, but also can be an amenity that improves the image of the property and provides an essential service to...

Agree on 15 Points Before Giving Tenant Pre-Lease Access to Space

January 23, 2018    

Don’t be surprised if a prospective tenant asks you to give it early access to its space before all aspects of your deal are finalized. Some tenants are confident that their financing will go through and that other issues will be resolved without incident. A common reason in retail leasing...

Meticulously Draft ADA Requirements Throughout Lease

December 20, 2017    

Violating the Americans with Disabilities Act (ADA) can be costly for commercial real estate owners. It’s a complicated law with nuances that create pitfalls for owners. While the ADA is detailed in terms of spelling out under what circumstances a building’s or a tenant’s space...

Page
of 25Next