Commercial Lease Drafting for Nonprofit Organizations: Unique Tenant and Landlord Considerations; Pitfalls to Avoid
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will provide practical guidance for counsel representing landlords and tenants on key considerations and issues specific to negotiating and drafting commercial leases for nonprofit organizations. The panel will discuss threshold considerations, contract provisions with unique considerations when nonprofits are tenants, and best practices for mitigating risk and liability for all parties to the lease.
- Nonprofit organizations as tenants generally: distinguishing features
- Threshold considerations
- Types of leases
- Modified gross
- Mission-specific considerations
- Financing/funding considerations
- Types of leases
- Key terms and unique drafting considerations when a nonprofit is a tenant
- Term of the lease
- Rent amount
- Permitted uses
- Assignment and subleasing
- Surrendering and holding over
- Insurance and indemnification
- Funding or licensure
- Other terms
- State/local statutory considerations
- Best practices for negotiation and drafting for all parties
The panel will review these and other important considerations:
- What provisions are unique to different types of leases and how does the fact of being a nonprofit as well as the mission of the nonprofit affect the type of lease to draft?
- What considerations are unique to commercial leases with nonprofits as tenants and why?
- What state/local statutory considerations should be taken into account?
- What are best practices for mitigating risk and liability for each party to the lease?
Ms. Bruton is a real estate attorney representing clients in all aspects of sophisticated commercial real estate... | Read More
Ms. Bruton is a real estate attorney representing clients in all aspects of sophisticated commercial real estate finance, acquisition, disposition, development, and leasing projects. She has significant experience in capital formation for real estate investments, including joint ventures, mezzanine financing, commercial loans and securitized financing transactions, EB-5 financing, and preferred equity transactions. Ms. Bruton assists clients in the acquisition, development, and financing of a variety of real estate projects in multiple asset categories, including residential and commercial developments, office buildings, retail and shopping centers, and multifamily housing, and represents entrepreneurial and institutional investors.Close
Patrice D. Stavile
Ms. Stavile's practice involves diversified commercial real estate and leasing transactions in both the U.S. and... | Read More
Ms. Stavile's practice involves diversified commercial real estate and leasing transactions in both the U.S. and abroad. She handles real property acquisitions, sales, and financings; corporate formations and joint ventures; retail, office, net, and restaurant leases; license and distribution agreements; debt and corporate restructuring; and real estate workouts. Ms. Stavile has negotiated air rights contracts and construction agreements, handled the acquisitions of condominium units, and worked on various residential matters.Close