Best Commercial Lease Clauses, 16/e

Best Commercial Lease Clauses, 16/e | 836 pages | Softcover | Digital Chapter Downloads | 150+ Editable Model Tools in Word

VALUABLE BONUS: Your purchase includes access to digital downloads of every chapter as well as more than 150 cut-and-paste Model Tools in Word, including model lease clauses, agreements, and notices—saving you hours of time and effort

Described as a wellspring of vital information for professionals seriously engaged in commercial leasing, Best Commercial Lease Clauses helps you structure safe and effective leases for a range of commercial tenants.

Helping you draft “smarter” leases and minimize landlord-tenant disputes, Best Commercial Lease Clauses is filled with input from numerous leading professionals across the country, including top leasing attorneys and real estate professionals, who provide their shrewd insights and astute, field-tested judgment—all in plain-English terminology. 

You’ll find a wealth of authoritative guidance—including concrete suggestions on how to plug dangerous loopholes, stay within the legal boundaries, and prevent trouble before it begins. This is an easy-to-use, one-volume resource that contains more than 150 Model Lease Clauses and other Model Tools, Practical Pointers, and Examples. 

What’s New in This Edition

The following chapters have been updated as follows:

• Chapter 1, “Abandonment,” explains three protections you should get when letting a new tenant keep furniture the previous tenant abandoned.
• Chapter 4, “Alterations,” discusses five protections you should get when transferring construction warranties to tenants, and details 14 protections you should include in your lease when letting tenants install EV charging stations.
• Chapter 20, “Environmental Issues,” advises you to get inspection rights to verify a tenant’s compliance with environmental laws.
• Chapter 22, “Exclusives,” shows you how to ensure a new tenant’s exclusive doesn’t conflict with an old tenant’s sales rights.
• Chapter 26, “Guaranty,” shows you how to keep the guarantor liable for the tenant’s renewal and holdover defaults.
• Chapter 27, “Holdover,” explains seven protections you need to avoid getting burned on tenant holdovers.
• Chapter 28, “Insurance,” shows you how to avoid four costly pitfalls when allocating lease insurance duties.
• Chapter 33, “Limitations on Liability,” details 12 lease protections you need when allowing tenants to keep pets at your property.
• Chapter 36, “Operating Expenses,” explains why you shouldn’t agree to keep CAM/operating expense costs “competitively” priced.
• Chapter 38, “Percentage Rent,” gives you a monthly sales report form for tenants to complete to ensure full percentage rent; shows you how to get the right to end the lease or raise the rent if percentage rent falls below expectations; explains how to ensure percentage rent flow when a tenant assigns or sublets; and shows you how to deal with a tenant’s demand to exclude bad debts from gross sales.
• Chapter 44, “Renewal Lease,” shows you three ways to protect yourself when trading renewal rent breaks for tenant improvements.
• Chapter 47, “Rent Payment,” advises you to set certain conditions before letting tenants pay rent by electronic deposit.
• Chapter 53, “Special Agreements,” gives you 21 legal protections to get when renting space to food trucks; and details seven protections to include in your lease when making the tenant responsible for HVAC maintenance.
• Chapter 55, “Sublet/Assignment,” explains why you should provide for five contingencies in your assignment/sublease clause; shows you how to avoid having consent to one assignment give the tenant carte blanche for future assignments; and tells you how to give yourself a second chance to respond to a tenant’s assignment or sublease request.
• Chapter 57, “Termination,” shows you how to cut your losses on an office tenant’s early lease termination.
• Chapter 58, “Use,” explains how to offer new uses rather than rent cuts for tenants that are adversely affected by new laws.

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