Best Commercial Lease Clauses

Best Commercial Lease Clauses is a working tool that will help commercial property own­ers and managers—and the professionals who advise them—structure their leases safely and effectively. It gives concrete suggestions on how to plug dangerous loopholes, stay within legal boundaries, and stop trouble before it begins.

The Fourth Edition includes the best articles as originally published in the Commer­cial Lease Law Insider (www.commercialleaselawinsider.com), the authoritative how-to monthly publication that provides the best commercial property management advice in the industry. The pages of 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.

This easy-to-use, one-volume resource contains more than 125 Model Lease Clauses and other Model Tools, Practical Pointers, and Examples. As a bonus, Best Commercial Lease Clauses comes with free online access to all of the Model Tools included in the book, and that owners and managers can put to immediate use.

In addition to recent court rulings, the Fourth Edition of Best Commercial Lease Clauses has been updated as follows:

• Chapter 4, “Alterations,” provides landlords with new insights on how to cut their risks when giving a contraction option to a new tenant, and includes a model lease clause that favors the landlord.
• Chapter 13, “Cotenancy,” contains guidelines for defining “gross leasable area” in new cotenancy leases.
• Chapter 16, “Description of Premises,” explains the importance of defining the measurement terms used when leasing office space.
• Chapter 26, “Insurance,” reveals how to avoid extra liability posed by liquor, gun store owners, or other high-risk tenants, and includes model language you can add to their lease.
• Chapter 35, “Percentage Rent,” assists you in weighing the benefits and risks if a tenant asks for a profit-sharing or a percentage ownership agree­ment, and includes model lease language that will help you to set limits on this type of agreement.
• Chapter 41, “Renewal of Lease,” takes you through the rule against perpe­tuities, and includes the outcome of a landmark case.
• Chapter 50, “Special Agreement,” describes how to limit the tenant’s right to consent to changes in a shopping center’s governing document.
• Chapter 51, “Specialty Leasing Issues,” explains how to set up a pro-land­lord lease agreement with a telecommunications company.
• Chapter 54, “Tenants,” explains the different between “limiting” and “elim­inating” a tenant’s use of amenities, and includes a model lease clause for calculating tenant compensation for loss of use.