In small space leases, tenants are much more sensitive to the cost or reviewing and negotiating lengthy leases. The panoply of tenant use restrictions in lengthier leases tend to suffocate the ability of smaller tenants to operate their businesses. Landlord rights and remedies in “short “form” leases tend to leave tenants with little flexibility and few remedies for landlord breaches. At the same time, landlords fear the instability and costs associated with small tenants. This makes focusing on the economic essentials important to landlords and the operating essentials important to tenants in small leases very important. This program will provide you a real world guide to reviewing a small commercial lease, including economics, use restrictions, subleasing, and remedies.
- Red flags in “short form” leases for small tenants
- Ensuring “use” restrictions allow tenant to operate its business
- Common area maintenance, taxes, insurance, fees and penalties
- Scope of landlord services to tenant – and landlord remedies
- Exit issues – “go dark” provisions, subletting, tail liability
Speaker: David C. Camp, Senn Visciano Canges, PC, Denver, CO
Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias, or Kansas credit.
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