"Pop-Up" Leasing: Practical Considerations, Key Provisions for Landlords and Tenants
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will explore the unique issues facing both landlords and tenants entering "popup" rather than traditional longer-term leases for retail space. Our panel will advise on how best to draft standard lease provisions such as delivery, insurance, and maintenance, and guide counsel on how to address the risks associated with such short-term arrangements.
- Overview of concept
- History of retail "pop-ups"
- Considerations of landlords and tenants when entering into short-term leases
- Unique concerns for "pop-up" art galleries or installations
- Short-term lease provisions
- Basic terms
- Exclusion of specific "basic" provisions
- Delivery of possession and condition of delivery
- Approvals and permitting issues
- Right-to-entry and notice
- Assignment, sublease, alterations, holdover
- Defaults, late charges, default interest, remedies
- Rules and regulations
- Personal guaranties of lease obligations
- Reciprocal easement agreements, covenants, and existing leases
- Leases vs. licenses
The panel will review these and other critical issues:
- What are the practical benefits of entering into pop-up leases?
- What are the risks associated with such short-term arrangements?
- What are solutions to conflicts with REAs, covenants, and existing leases?
- What are the roles of social media and omnichannel retailing?
- What rights does a company receive as a licensee vs. as a lessee?
- Is the tenant's liability different under a license than it would be under a lease?
Vice Chairman and Licensed Associate Real Estate Broker
Consistently named among the leaders in commercial real estate, Ms. Abrams offers unparalleled expertise and a... | Read More
Consistently named among the leaders in commercial real estate, Ms. Abrams offers unparalleled expertise and a sought-after consultative approach. Throughout her career, she has worked with major retail brands and Fortune 500 companies. Ms. Abrams collaborates with retailers to develop strategic plans and to secure sites, as well as to mitigate for underperforming real estate. She also represents landlords and is the exclusive leasing agent for numerous marquee properties. Ms. Abrams is frequently enlisted by major media outlets and trade organizations for her expertise, she does extensive consulting work and provides expert testimony for litigation and arbitration cases.Close
Glenn D. Wright
Wright Law Firm
Mr. Wright has handled many billboard, retail, office and commercial leases in the New York metropolitan area for over... | Read More
Mr. Wright has handled many billboard, retail, office and commercial leases in the New York metropolitan area for over twenty years. He primarily represents property owners in outdoor advertising leases. Glenn lectures frequently on commercial leases and transactional matters. He also represents many businesses in real estate related litigation in State and Federal Courts and before local municipalities on permit and license applications.Close