Why Did We Agree to This? How to Avoid 9 Common Pitfalls When Negotiating a Commercial Lease
2 NY Credits: 2 Skills; Non-transitional
Member: $50 | Non-member: $75
Our panelists will discuss common pitfalls they’ve encountered in commercial leases. They’ll give tips and techniques for negotiating and drafting airtight lease clauses for these potentially problematic issues:
- Restoration obligations at the end of the lease term
- Termination of the lease following a casualty
- Subordination and Non-Disturbance agreements
- Tenant’s insurance requirements
- Indemnification liability
- Restrictions on subletting
- Operating expense caps – cumulative vs. non-cumulative
- Relocation rights
- Dealing with operational issues in the building
Robert P. Reichman is Co-Chair of the Real Estate Practice Group at Wilk Auslander. He has more than 25 years of experience as a real estate lawyer representing tenants and landlords in the leasing of office, retail, and industrial properties, as well as acquisitions, divestitures, and financing of office buildings and shopping centers. He also serves on the board of advisors of Commercial Lease Law Insider.
Jonathan Weiss is a Partner at Wilk Auslander. He represents large global companies in leasing, subleasing, development, acquisition, disposition, and financing of office space throughout the U.S. and internationally. He has developed comprehensive approaches to real estate portfolio management, including implementing standard form leases, subleases, letters of intent, and requests for proposals.
Program Co-sponsor: Vendome Real Estate Media
Faculty: Robert P. Reichman and Jonathan B. Weiss, Wilk Auslander
Original Tape Date: April 25, 2018
All Programs include: 1 Affirmation and 1 Evaluation Form and Course Materials.
To receive CLE credit for program in Online Video Format:
Online Videos are embedded with CLE codes that you must type into a supplied online affirmation sheet. Submit the online affirmation to the NYCLA CLE Institute to be issued a CLE certificate. We recommend that you watch the video as soon as possible.
We can only issue CLE credit if the law is still current.
Course Materials: The link to download course materials will be listed on the Online Video webpage.
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