Negotiating and Drafting Restaurant Leases
Tenant Improvements, Operational Issues, Franchises, Good Guy Guaranties and More
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will focus on drafting and negotiating crucial provisions of restaurant leases. The panelist will discuss how best to address special concerns with a restaurant use, tenant improvements, franchise relationships, operational issues in mixed-use developments, and issues applicable to tenants generally.
- Restaurant tenants generally: distinguishing features
- Tenant improvements/buildout provisions
- Allocation of responsibility between landlord and tenant
- Equipment and furnishings—lender rights upon lease or loan default
- Franchised (chain) restaurants—rights of franchisor upon default under lease or franchise
- Other provisions: co-tenancy, go dark, termination provisions, parking, options to renew, insurance
- Subordination, non-disturbance and attornment agreements
The panelist will review these and other key issues:
- How do the operational aspects of a restaurant impact provisions in a restaurant lease?
- Given the expense of a restaurant buildout, how might financing arrangements impact the lease?
- How might a franchise affect the notice and assignment provisions of a restaurant lease?
- What nuisance concerns should be addressed in a restaurant lease?
- What special concerns exist in a mixed-use development and how might they be reflected in the lease?
Jeffrey A. Margolis
Margolis Law Firm
Mr. Margolis has represented domestic and foreign clients in connection with acquisitions and sales of all types of... | Read More
Mr. Margolis has represented domestic and foreign clients in connection with acquisitions and sales of all types of properties, with special emphasis on office, industrial and retail (especially retail/shopping center) leasing. He has lectured on commercial real estate at NYU’s Real Estate Institute and Fordham Law School and has served as seminar leader on cutting-edge real estate topics at the International Council of Shopping Centers Law Conference and for the National Association of Commercial Real Estate Executives.Close