Special Report on
Unilateral lease subordination options
Unilateral lease subordination options - Trends
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Although reading a commercial lease can be difficult and time-consuming, the consequences of not reading can be infinitely more unpleasant. Tenants frequently will only look at the provisions that have direct economic impact. There are, however, provisions buried in the lease which may have unintended impact on the tenant. While a tenant’s ability to delete or modify these objectionable provisions will depend on a number of factors, including, among others, the size and reputation of the tenant, market conditions, the vacancy level of the building, the size of the space and the length of the lease term, every tenant should ...
As I reviewed another commercial real estate lease this week, I was reminded that negotiating a commercial lease is often a challenge for tenants because each one is so different. And there is often a difference between negotiating business terms and legal ones. But the differences can be important. This is why: Of course, tenants naturally will focus on the business terms that you would expect to find there: the amount of rent payments and whether they are “gross” or “net”, the use of the property, the length of the initial term of the lease, a description of ... Read More
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UNILATERAL LEASE SUBORDINATION OPTIONS