Commercial Leases: Terms, Types, Workouts and More
March 18, 2021 @ 9:00 am - 10:00 am
Whether your clients are landlords or tenants leasing commercial property, or they are sellers or buyers selling/acquiring commercial property, it is critical for you to have a solid foundation of the distinct types of commercial leases and how key provisions can affect your deals. In this class you will learn:
• Why there is no “form” commercial lease
• The differences between Net Leases, Gross Leases, and Modified Gross Leases and to which types of properties the various lease concepts typically apply
• The definitions of key commercial lease terms such as “CAM”, controllable expenses, usable square footage, and rentable square footage
• Structuring guarantees, security deposits, option terms, and rent increases
• How to protect your commission
• The importance of understanding lease workouts because of COVID related issues
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