The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases

    By Rodney J Dillman

    The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases

    The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases

    By Rodney J Dillman

    Understand the needs and concerns of all interested parties to facilitate and complete a lease negotiation. This manual analyzes each paragraph from the point of view of all stakeholders in a commercial real estate lease transaction, describing and analyzing typical lease paragraphs for office, retail, and industrial/warehouse leases.

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    Do you ever wonder if there's something you're missing in negotiating a lease, or why one party insists on not altering a particular paragraph, or if you need to offer an acceptable compromise that would meet the needs of all parties in a lease? The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases answers these questions and many more.

    This practical guide helps you effectively handle all stages of a commercial real estate lease transaction, from negotiation to preparation and execution of office, retail, and industrial leases. Because understanding the needs and concerns of all interested parties is the only way to facilitate and complete lease negotiations, The Lease Manual examines and explores the concerns, needs, and desires of landlords, tenants, and lenders by analyzing typical lease paragraphs from each point of view. The first three parts of the book provide description and analysis of typical lease paragraphs for:

    • Office leases
    • Retail leases
    • Industrial/warehouse leases

    A numerical "Risk Rating" is given to each paragraph of the typical lease, along with a brief summary and description of the lease paragraph and its scope. This is followed by an analysis of the lease paragraph and a critical review of the landlord's, tenant's, and lender's perspectives, along with possible compromises and alternatives from each party's point of view. The Lease Manual also discusses some of the most negotiated yet least understood lease terms, such as "Net Rent," "Gross Rent," "Base Year Rent," "Expense Stop Rent," "Percentage Rent," "Full Service Rent," "Real Estate Taxes," "Subordination," "Nondisturbance," and "Attornment." A collection of commonly used forms that are ancillary to a lease transaction are included in the book's final section, including a Letter of Intent, Notice of Lease, Lease Commencement Date Agreement, Subordination, Nondisturbance and Attornment Agreement, and Tenant Estoppel Letter.

    The full text of the book is included on an accompanying, searchable CD-ROM, including all typical lease paragraphs and forms in an easily customizable format.

    Product Details

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781590317266

    Page Count

    384

    Product Code

    5430468

    Trim Size

    6 x 9 Paperback

    Publication Date

    1/3/2007 12:00:00 AM

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