An authoritative resource to all aspects of negotiating and drafting effective commercial property leases, this book features an array of state-of-the-art lease forms that can be quickly tailored for a particular transaction. Expert commentary is woven into the text to clarify and explain each provision of the leases included: office leases, retail leases, industrial and warehouse leases, and specialized leases, plus lease-related documents. Features 21 lease forms and six lease-related documents; 14 in the book and CD-ROM, an 13 only on CD-ROM.

It reviews the clauses of a typical complex modern lease in detail, with explanation and commentary, examining the legal, economic and financial accounting ramifications.

In the fast-changing world of commercial real estate, terms like and“fair rental value, and” and“net lease, and”or and“duty of good faithand”can mean many different things depending on the circumstances of the deal. So, when negotiating and drafting complex leasing agreements, itand’s imperative you know what these provisions can mean, have alternate provisions readily available, and know when and how to use them properly Commercial Real Estate Leases: Preparation, Negotiation, and Forms, Fifth Edition can make it easier. Written by nationally recognized real estate attorney Mark Senn, this highly acclaimed guide: Explains the legal principles behind each lease provision in clear, user-friendly terms. Offers balanced discussion of the practical applications of the law from the landlord, tenant and the lender perspectives (where applicable). Provides specific examples of alternate clauses that address each partyand’s precise needs. Logically organized to follow the typical commercial real estate lease, each chapter takes you clause-by-clause through all of the issues you need to understand in order to represent clients effectively in commercial real estate transactions, including: Rentand—fixed, market and percentage Operating expenses Options to expand, buy or extend Space measurementand—and resulting economics Subordination, non-disturbance and attornment agreements Drafting exclusive provisions Understanding insurance provisions Tax provisions and federal income tax consequences Use issues Condemnation Commercial Real Estate Leases: Preparation, Negotiation, and Forms, Fifth Edition includes a free companion CD-ROM containing all of the leasing forms discussed in the guide.