Fundamentals of Commercial Leases (Spring 2013)

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Fundamentals of Commercial Leases (Spring 2013)

NYU School of Continuing and Professional Studies
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Description

Examine standard office and retail lease forms, understand the motivations of the parties to a lease, and develop a framework for negotiation, from term sheet to closing. Topics include full-service, triple-net, and modified-gross leases; legal terminology in leases; expenses and additional rent clauses, including operating expenses, common area maintenence (CAM), and real estate taxes; exit strategies, including assignment and sublease; the tenant's rights of first offer, first refusal, renewal, and termination; the role of lenders in commercial leases; guarantees and types of security deposits; insurance and environmental issues; and use and operating covenants specific to retail leases.

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Examine standard office and retail lease forms, understand the motivations of the parties to a lease, and develop a framework for negotiation, from term sheet to closing. Topics include full-service, triple-net, and modified-gross leases; legal terminology in leases; expenses and additional rent clauses, including operating expenses, common area maintenence (CAM), and real estate taxes; exit strategies, including assignment and sublease; the tenant's rights of first offer, first refusal, renewal, and termination; the role of lenders in commercial leases; guarantees and types of security deposits; insurance and environmental issues; and use and operating covenants specific to retail leases.

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