Commercial Leases: Structuring Tenant Build-Out, Improvement, Maintenance, and Repair Provisions

Landlord vs.Tenant Obligations, Approval Rights, Delivery of Premises, Indemnity Provisions, and More

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, March 16, 2023

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, February 17, 2023

or call 1-800-926-7926

This CLE webinar will guide real estate counsel for landlords and tenants on best practices for drafting commercial lease agreements in connection with build-out considerations, trends in post-COVID negotiations, financing considerations and future maintenance and repair provisions.

Description

Some of the most overlooked but potentially costly lease provisions address pre-leasing improvements, build-out, the role of financing in construction and future repair and maintenance issues. Provisions regarding the build-out of a premises should: address cost/financing issues; consider recent market trends; set realistic completion dates incorporating possible delays; and review future maintenance and repair obligations to ensure that all lease provisions work together to avoid costly mistakes.

Listen as our authoritative panel of commercial real estate practitioners discusses drafting and negotiating lease provisions regarding pre-commencement improvement, build-out, financial considerations and allocation of risk related to maintenance and repair.

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Outline

  1. Current market trends in office, retail and industrial leasing
  2. Pre-commencement build-out provisions
    1. Approval of plans
    2. Change orders
    3. Cooperation of parties
    4. Delivery of premises
    5. Representations and warranties
  3. Landlord construction financing considerations
    1. Tenant Allowance and Commission Reserves
    2. Net Operating Income and DSCR calculations
  4. Functional maintenance and repair provisions
    1. Allocation of responsibilities in industrial leases
    2. HVAC systems
    3. Tenant vs. landlord obligations
    4. Conditions applicable to repairs
    5. Utilities, sewer lines, and parking lots

Benefits

The panel will review these and other essential matters:

  • What are the key questions to address in pre-commencement build-out provisions, and what are the risks for the parties?
  • How do lenders and the post-COVID market influence construction?
  • What should pre-commencement repair and maintenance provisions include, and what are the risks for the parties?

Faculty

Carey, Iryna
Iryna Lomaga Carey

Partner
Kurzman Eisenberg Corbin & Lever

Ms. Carey’s practice focuses on commercial real estate transactions including: commercial sales and...  |  Read More

Katz, Barry
Barry R. Katz

Partner
Saul Ewing Arnstein & Lehr

Mr. Katz focuses his practice on real estate and corporate law. He represents Fortune 500 companies, national lenders,...  |  Read More

Attend on March 16

Early Discount (through 02/17/23)

Cannot Attend March 16?

Early Discount (through 02/17/23)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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