Property Management and Leasing Agreements: Key Provisions for Multifamily, Office, Retail, and Industrial Properties
Navigating Fees and Expenses, Agency, Property Improvements, Early Termination Provisions, Licensing Requirements, and More
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will review the key provisions found in property management and leasing agreements, focusing on issues particular to multifamily, retail, office, and industrial properties. The panel will discuss provisions on fees and commissions, leasing authority, insurance, tenant build-out obligations, staffing, early termination provisions, and more. The panel will also highlight licensing requirements for property managers and when an asset manager or master lease might be included in the management structure.
- Affiliated vs. unaffiliated property managers
- Differences in property types
- Standard provisions
- Manager's day-to-day management authority
- Enforcement and compliance with leases
- Handling of security deposits
- Fees and commissions
- Allocation and reimbursement of expenses: budget approval, accounting
- Management fees and leasing commissions
- Insurance carried by owner and manager; indeminities
- Hiring and payment of onsite personnel
- Early termination: obligations of parties after termination
- Alternative management structures: master leases, asset management agreements
- Licensing requirements associated with leasing and other activities
The panel will review these and other key issues:
- How do management responsibilities differ with different property types?
- What are the key provisions that should appear in any third-party management agreement?
- How are leasing activities determined and what are the licensing requirements?
- When is an early termination option desirable and what should the process be?
- When might a master lease or an asset management agreement be used?
Mr. Catalano has over 20 years of experience representing clients in commercial real estate and corporate transactions.... | Read More
Mr. Catalano has over 20 years of experience representing clients in commercial real estate and corporate transactions. In particular, his practice involves the acquisition, sale, financing, development and leasing of real estate assets, including office buildings, shopping centers, multifamily buildings, hotels, warehouse/industrial properties and mixed-use projects. Mr. Catalano’s recent experience includes: negotiating and closing the purchase of several high-rise office projects in Florida and Georgia, representing landlords in connection with the negotiation of anchor tenant leases with national grocery chains, preparing joint-venture agreements for multifamily development projects, finalizing a large land sale to a national housing developer, representing lenders in connection with loans secured by commercial shopping centers and industrial properties, and counseling restaurant ownership in connection with the sale nationally branded restaurants to a private equity group.Close
Jonathan Y. Newman
Shearman & Sterling
Mr. Newman has extensive experience in real estate acquisitions and dispositions, joint venture formations, commercial... | Read More
Mr. Newman has extensive experience in real estate acquisitions and dispositions, joint venture formations, commercial leasing, ground leasing and financing transactions, including mortgage, mezzanine, and construction financings. He represents sponsors, developers, lenders and borrowers in the investment, ownership and development of real estate across the globe. Mr. Newman has particular expertise in representing landlords and tenants in commercial leasing transactions in New York City, as well as developers in multifamily and commercial property acquisitions across the country.Close