Negotiating & Drafting Office & Retail Leases
Similarities, differences, issues and negotiated solutions
- Product Number: 2170231WBC
CLE Credits, earn up to:
4 substantive credits, 0 ethics credits CLE Credit Note
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Office and retail leases are among the most common forms of commercial lease transactions and both require a broad knowledge of basic lease law. Although there is substantial overlap between them in the issues to raise and resolve, there are also many crucial differences. The experienced panelists examine and compare office and retail leasing transactions, and identify their key similarities, as well as important differences. The faculty also analyze how in recent years, retail leasing has been affected by the Internet and e-commerce, and office leasing has been influenced by the demands and desires of Millenials in the work force. This program is essential to those developing a leasing practice, as well as to more experienced practitioners seeking to refresh their memory and sharpen their office and retail lease negotiating skills.
Agenda & Materials
9:00 - 9:10 a.m.
Welcome and IntroductioneLecture Add to Cart
9:10 - 9:25 a.m.
Letters of Intent: Content, Relative Importance in Retail and Office Situations, Dealing with National Retail TenantseLecture Add to Cart
9:25 - 9:45 a.m.
Build Out of Leased Premises and Determination of Commencement DateeLecture Add to Cart
9:45 - 10:05 a.m.
Use of the Premises, Exclusive Use and Radius Provisions, Continuous Operation and Kickout Clauses, Hours of OperationeLecture Add to Cart
10:05 - 10:20 a.m.
Anchor Tenants, Cotenancy, Grand Openings, Slack SeasonseLecture Add to Cart
10:20 - 10:40 a.m.
Methods of Calculating Rent: Per Square Foot vs. Percentage of Sales, Rentable vs. Usable Square Feet, Break Points, Reporting Requirements, Inclusions and Exclusions, Internet/Catalog SaleseLecture Add to CartMichael Holiday, Esq., Holiday Law Firm, PC , Wellesley
Edward M. Bloom, Esq., , Boston
10:40 - 11:00 a.m.
Responsibility for Real Estate Taxes and Operating Expenses/CAM, Increase Over a Base Year vs. First Dollar, Gross Ups, Landlord Statements and Tenant Right to Audit, Annual Percentage or Cost of Living Increase as Alternatives to Landlord StatementeLecture Add to Cart
11:00 - 11:10 a.m.
Networking and Refreshment Break
11:10 - 11:25 a.m.
HVAC and Utilities for the Leased Premises, Direct Payment to Provider by Tenant vs. Payment by Landlord and Inclusion in Operating CostseLecture Add to Cart
11:25 - 11:45 a.m.
Repair and Maintenance Responsibilities of Landlord and Tenant; Yield-up ProvisionseLecture Add to Cart
11:45 - 12:00 p.m.
Rights and Obligations in Public Common Areas, Parking, Access, Visibility, Signage, and ExpansioneLecture Add to Cart
12:00 - 12:20 p.m.
Default Provisions—Tenant and Landlord, Liquidated Damages, Self-Help in Light of Recent Massachusetts DecisionseLecture Add to Cart
12:20 - 12:40 p.m.
Assignment and Sublet ProvisionseLecture Add to Cart
12:40 - 1:00 p.m.
SNDAs and Recognition AgreementseLecture Add to Cart
Special Program Materials:
MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.