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Image of 2020 Mother Nature & Leases: Drafting Issues to Protect Against Storm
Advanced CLE

2020 Mother Nature & Leases: Drafting Issues to Protect Against Storm & Other Damage Audio Replay


Total Credits: 1.2 MCLE, 0.0 Kansas Credit

Practice Area:
Real Property
Duration:
1 Hour
License:
Access for 1 year(s) after program date.


Description

Originally presented on April 23, 2019

As extreme weather becomes more common, landlords and tenants are spending more time with overlooked lease provisions on weather-related damage.  When a weather or other “Act of God” event occurs, the tenants often have a wider array of remedies, including sometimes termination of the lease, and landlords see their risk (and thereby their costs) increase substantially.  As the probability of these events become less than trivial, it’s important reassess whether “boiler-plate” provisions still make economic and risk-management sense. This program will provide you with a real-world guide to drafting and reviewing weather-related and other force majeure provisions in commercial leases.

• Intricacies of force majeure clauses in leases
• Termination rights – triggers for landlords and tenants
• Economic concessions – rent abatement and other financial considerations
• Duty of landlord to restore, rights of tenant to access property & construction issues 
• Practical, timely and cost-effective assertion of rights

Speakers: Richard R. GoldbergBallard Spahr, LLP, Philadelphia, PA and Anthony LicataTaft Stettinius & Hollister LLP, Chicago, IL

Materials

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