Extension and Expansion Options in Commercial Leases: Key Provisions and Practical Considerations
Rent Calculation, Performance Conditions, Limitations on Assignment, Risk Management Requirements
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide practical guidance to real estate counsel on options provisions in commercial leases, with a focus on best practices in negotiating, drafting, and documenting commercial lease renewal options, options to expand or reduce the space leased, and options for early termination. The panel will also address the interplay between these options and related rent escalation and rent formula calculation clauses.
- Options to renew
- Options to expand or reduce the space leased
- Options for early termination
- Rent calculation
- Rent escalation
- Related provisions
- Risk management
- Case studies and examples
The panel will review these and other related issues:
- How can counsel draft options in lease provisions that protect their clients--whether landlord or tenant?
- What are the best practices for drafting options provisions in commercial leases?
- How should counsel draft options to renew, options to expand or reduce the space leased, and options for early termination?
- What is the interplay between lease options and related rent escalation and rent formula calculation clauses?
- What are the importance of performance conditions, limitations on assignment, and other risk management requirements?
Wade C. Adamson
Saul Ewing Arnstein & Lehr
Mr. Adamson assists commercial real estate clients with a variety of real estate transactions, including purchase and... | Read More
Mr. Adamson assists commercial real estate clients with a variety of real estate transactions, including purchase and sale agreements, leases, easements, contracts for deeds, notes, mortgages and loan agreements. He also has experience handling the real estate components of larger merger and acquisition deals. Following law school graduation, Mr. Adamson served as a law clerk to the Honorable Sharon L. Hall in Minnesota's Tenth Judicial District.Close
Shearman & Sterling
Mr. Ferranti has extensive experience representing clients in complex commercial real estate transactions, including in... | Read More
Mr. Ferranti has extensive experience representing clients in complex commercial real estate transactions, including in the areas of acquisitions, dispositions, joint ventures, development projects, foreign investment, financings and ground and space leasing. He regularly represents financial institution, sovereign wealth fund, investment fund and individual and institutional investor and developer clients including Olayan America, Credit Suisse, Shorenstein Properties and Metropolitan Life Insurance Co. Mr. Ferranti has written publications in Real Estate Finance & Investment and Law360 and has been involved in a number of speaking engagements at seminars and conferences on various real estate subjects.Close
Howard R. Majev
Saul Ewing Arnstein & Lehr
Mr. Majev is a seasoned real estate attorney with extensive experience in acquisitions, dispositions, financings,... | Read More
Mr. Majev is a seasoned real estate attorney with extensive experience in acquisitions, dispositions, financings, development, and leasing of industrial, multi-family, retail, office, mixed-use, and sports properties, including stadium development. He represents clients in connection with portfolio acquisitions of residential and commercial properties, long-term land leases, and numerous other real estate transactions.Close