Excerped from Chapter 7 of Commercial Real Estate: Law Practice Manual with Forms, Second Edition, by James P. McAndrews.
§ 7.01 Introduction
A lease delineates the rights and responsibilities of the landlord and the tenant with respect to the leased premises. To accomplish this, a lease must contain certain key provisions, which are discussed in this chapter. Understanding the purpose and scope of such provisions plays a large part (along with the parties’ respective bargaining power) in determining how a lease evolves through negotiation. While the discussion to follow will focus primarily on office leases, notable differences between office leases and office-warehouse leases will be highlighted.