Structuring Common Area Maintenance Provisions in Commercial Leases
Exploring Alternative Methods of Managing CAM Operating Costs
Recording of a 90-minute premium CLE webinar with Q&A
This CLE will provide real property counsel with a detailed explanation of common area cost provisions in commercial leases. The panel will outline which costs are standard inclusions and what can and should be excluded. The panel will offer alternative methods of managing CAM costs such as capped CAM costs, fixed CAM costs, and gross leases.
Outline
- Standard common area cost inclusions and exclusions
- Alternate common area cost options
- CAM cost caps
- Fixed CAM costs
- Audit rights of common area costs
Benefits
The panel will review these and other key issues:
- What should the minimum maintenance standard be for a landlord?
- Should capital costs, holiday decorations, management fees and administrative fees be part of CAM costs?
- What considerations should be taken into account when drafting a cap on CAM costs?
- What are reasonable audit rights for CAM costs?
Faculty
Gideon Dionne
Founding Partner
inVigor Law Group
Mr. Dionne's primary practice areas are business contracts, business formation, structuring, financing, and... | Read More
Mr. Dionne's primary practice areas are business contracts, business formation, structuring, financing, and strategy, investment partnerships and pooled funds, and commercial real estate sales and leasing. He serves as board advisor to real estate holding and management company. He is a published author on real estate issues.
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Bryan Mashian
Founder
Law Offices of Bryan Mashian
Mr. Mashian's practice focuses on complex commercial and real estate law. Prior to founding his own firm,... | Read More
Mr. Mashian's practice focuses on complex commercial and real estate law. Prior to founding his own firm, he spent nearly 20 years with one of the largest law firms in Los Angeles, where he served as head of the real estate group. He is a speaker and author on commercial real estate topics.
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Tracey M. Stockton
Partner
Sherin & Lodgen
Ms. Stockton has a broad and deep transactional practice which includes significant experience in commercial real... | Read More
Ms. Stockton has a broad and deep transactional practice which includes significant experience in commercial real estate and banking and finance. She possesses a well-rounded skill set encompassing the acquisition and disposition of operating entities, holding and portfolio companies, the acquisition, disposition and leasing of commercial real estate, and the placement of public and private financing with respect thereto. She has served in a first chair role relative to transactions involving over 12 million square feet of commercial space in the manufacturing, mixed-use, retail, technology and office sectors.
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