Putting the FUN in the Fundamental Concepts of Commercial Leases
12:00 PM - 1:30 PM CT
1.50 General CLE Credit Hours
A lawyer drafting a commercial lease must address more than just the rent and the term. After all, the landlord expects the tenant to take care of the property, the tenant may expect the landlord to provide services to support its occupancy, and both parties are concerned about who is responsible for accidents. In this presentation, three practitioners, each with more two decades of experience negotiating leases, will provide basic information and drafting tips with respect to major lease provisions that need to be addressed in all leases, including the following:
• Preparing the Space for Occupancy: Who is responsible?
• Permitted Use: Broad or limited?
• Compliance with Laws (including the Americans with Disabilities Act): Who is responsible?
• Utilities and Other Building Services: What services are needed, and who will provide them?
• Maintenance, Repair, and Alterations: How should the baby be split?
• Premises Liability, Insurance, and Indemnity: How should risk be allocated?
• Security for Performance: Is it required?
• Defaults: What are the parties’ respective remedies?