Commercial Real Estate Leases REPM-0030

SPRING 2024
Sec. 1: Online (self-paced). Mar. 26-Apr. 30 (6 sessions). Stolatis

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Improve your ability to review, understand and evaluate the terms and conditions of commercial real estate leases from a landlord and a tenant perspective. This course provides a step-by-step explanation of the essential elements of commonly used office and retail lease forms and the motivations of the parties to a lease. Topics include lease types including full-service, triple-net, and modified-gross leases; expenses and additional rent clauses including electric rent inclusion, operating expenses, common area maintenance (CAM), and real estate taxes; the tenant’s rights of first offer, first refusal, renewal, and termination; exit strategies including assignment and sublease; property management role in showing space, negotiating operating clauses, managing guarantees and security deposits and responding to lease violations.