A significant term in most commercial leases is the right or obligation of landlord or tenant to remodel the leased premises during the lease term. When negotiating and drafting such a lease provision, it is important to address: (a) which…
Read MoreIn a commercial lease setting, one of the most often overlooked (but critically important) lease provision is the method of allocating and measuring the square footage of the leased premises.
Read MoreThis post follows up on a prior article addressing the myriad issues that can occur when a retail tenant abandons the premises before the expiration of the lease term: When A Retail Tenant Goes Dark – Part One. This is a growing…
Read MoreAs craft breweries often merge retail and industrial leasing concepts, they face a unique set of legal issues when negotiating a commercial lease agreement for their production facility and/or tasting room. License/Permit Contingencies and Permitted Use Provisions are Critical First…
Read MoreIn a commercial lease setting, in addition to the monthly rental payment, the tenant is often obligated under the lease agreement to reimburse the landlord for the tenant’s “Pro Rata Share” of certain “Operating Expenses” (sometimes called Common Area Maintenance…
Read MoreA properly structured sublease can be a prudent strategy in a commercial lease transaction. However, if poorly drafted, a sublease can unnecessarily expose all three parties (the landlord, tenant and subtenant) to unforeseen liabilities and risks.
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