Commercial Real Estate: Drafting Leases Training Class

Course ID: 21537

Commercial Real Estate: Drafting Leases Training Seminar

Protect Your Interests With Thorough, Detailed Leases

For a property manager or business owner, negotiating and drafting a commercial real estate lease can be daunting. Knowing the key provisions of a commercial real estate lease and how to effectively negotiate terms will allow you to enter into a beneficial contract in order to avoid potential problems.

Our seasoned faculty will provide you with the skills you need to be a detail-conscious drafter of commercial real estate leases. In just one day, you'll learn everything you need to know about drafting the different types of leases. Include important provisions so you don't leave yourself open to liability. Cover all the important operational issues, so you can ensure the property is properly taken care of. Establish risk management procedures, exit plans and default strategies and minimize the impact on you and your business. Take a look at the documents you'll need to be familiar with and address some of the less common issues that may arise. Don't miss this chance to update your knowledge.

Knowledgeably draft industrial, office, retail and ground leases.
Get insider's tips on drafting options and how to properly structure leases in your favor.
Address important issues like expansion and contraction options, as well as extension and renewal rights.
Clearly detail the scope of exclusive and prohibited use, to minimize misunderstandings down the road.
Know the remedies available if a default occurs.


	Agenda
	SELECTION AND ROLE OF REAL ESTATE AGENT 9:00 - 9:30, Steve L. Siegel Fiduciary Responsibility Difference Between Listing Agent and Tenant Agent Types of Agents/Specialties - Retail, Commercial-Office and Industrial Role and Skill Set of Agent SITE SELECTION PROCESS 9:30 - 10:00, Steve L. Siegel Identify Locations Conduct Site Tours Demographics Market Knowledge LETTER OF INTENT (LOI) 10:15 - 11:45, Michael J. Anthony and Steve L. Siegel Role of Lawyer vs. Role of Agent Structuring Lease Transaction Delivery of Premises by Landlord - Cold Dark Shell vs. Vanilla Box Defining Responsibilities: Sprinklers, Utilities, HVAC, Impact Fees, Special Assessments Landlord Work vs. Tenant Work Tenant Improvement Allowance vs. Turnkey Business Provisions Term and Options Based Rent Percentage Rent CAM Costs Real Estate Taxes and Insurance Date of Possession vs. Rent Commencement Exclusivity Signage Guaranty - Limited vs. Unconditional Legal Provisions Protecting Client From Increases in CAM, Real Estate Taxes and Insurance Exit Strategies for Tenant - Assignment and Subletting Tenant Buildout Process Delivery of Premises by Landlord Role of Architect and Selection of Contractor Protection Against Tenant Oriented LOIs Landlord LOIs LEGAL DUE DILIGENCE 12:45 - 1:30, Michael J. Anthony Title Review Shopping Center Covenants, Restrictions and Easements Rules and Regulations Need for Representations and Warranties Review of Site Plan OPERATIONAL ISSUES TO INCLUDE IN YOUR LEASE 1:30 - 2:10, Robert Thomas Castor and Joseph M. Patchen Use, Exclusive Uses and Prohibited Uses Alterations to Leased Premises Repair Obligations Compliance With Federal, State and Local Laws Surrender of Property RISK MANAGEMENT 2:10 - 2:45, Robert Thomas Castor and Joseph M. Patchen Insurance Indemnity and Exculpation Clauses Casualty Hazardous Materials Representations and Warranties LEASE EXIT STRATEGIES 3:00 - 3:30, Robert Thomas Castor and Joseph M. Patchen Subleases Assignment of Lease Termination Rights DEFAULT OF LEASE CONTRACT 3:30 - 4:00, Robert Thomas Castor and Joseph M. Patchen Tenant Default and Landlord Remedies Landlord Default and Tenant Remedies DOCUMENTS COMMONLY ASSOCIATED WITH THE LEASING PROCESS 4:00 - 4:30, Robert Thomas Castor and Joseph M. Patchen Estoppel Certificates Subordination, Nondisturbance and Attornment Agreements (SNDA)

Audience

This intermediate level seminar is designed specifically for professionals who want to learn how to successfully negotiate commercial leases. Those who should attend include: