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Provided by: Lorman Education Services Commercial Leases |
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This seminar will be presented by Peter G. Austin, Kurt T. Aydin and Jeffrey L. Rank.
8:30 am - 9:00 am Registration
9:00 am - 12:00 pm Five Basic Elements of a Commercial Lease
(Break 10:30 am - 10:45 am)
- Identity of the Landlord and Tenant
- Description of the Premises
- Term
- Commencement Date
- Rent Payable (Minimum Rent - Additional Rent - Alternative Cost Recovery Systems)
Commercial Lease Documentation Systems for Landlords
- Lease Issues With Stratified Properties
- Options Under the Strata Property Act
- Cost Recovery Considerations
- Site-Specific Commercial Offers to Lease
- Site-Specific Commercial Master Leases
Important Commercial Lease Terms
- Assignment and Subletting
- Option to Renew
- Use
- Exclusive Use
- Tenant's Improvements and Fixtures
- Maintenance and Repair
- Relocation
- Damage and Destruction
12:00 pm - 1:00 pm Lunch (On Your Own)
1:00 pm - 4:30 pm Important Commercial Lease Terms, Continued
(Break 2:30 pm - 2:45 pm)
- Early Termination (Demolition and Redevelopment)
- Registration of Lease and Property Purchase Tax Issues
- Indemnity
- Subordination, Attornment and Nondisturbance Agreements
- Overholding
- Security Deposit
Rent Renewal
- Renewal Clauses
- Options
- Interpretation
- Resolution
Property Tax
- Assessment Update
- Budgeting
- Proportionate Share
- Tenant's Right to Appeal
Questions and Answers

