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Negotiation & Drafting Office Leases
Incisive Media, Pages: 2,000
Avoid commercial leasing traps that can prove harmful or even fatal to a business! Take the advice of these experienced professionals on how to examine a complex modern leasing document and how to identify the “red flags.”
Negotiating and Drafting Office Leases offers a practical roadmap through the entire negotiation process. It reviews the clauses of a typical complex modern lease in detail, with explanation and commentary, examining the legal, economic and financial accounting ramifications. Topics covered include: negotiating strategies and styles; pitfalls created by other agreements entered into by the parties to a lease; repairs and maintenance; assignments and subleases; environmental compliance and due diligence; electricity and utilities costs and issues; the “Porter's Wage” escalation provision; tenant monitoring of landlord's escalation calculations; guarantors and security deposits; proving the existence of a lease when the original document is lost; quiet enjoyment; expansion space; bankruptcy; work letters; restrictive clauses; renewals and options; financing development through participation leases; synthetic leases; brokerage; lease audits and many others. This invaluable primer, complete with glossary, comes with 150 forms on CD-ROM, including landlord/tenant checklists of typical and atypical lease provisions, a sample tenant's proposal letter, work letter materials, a sample asbestos removal clause, good guy clauses and other clauses that will help beginners and experts alike involved in commercial real estate transactions.
This book is updated as needed, generally two times each year.
Author Bios:
John Busey Wood
John Busey Wood is a Partner in the New York City office of Thompson & Knight, LLP, Certified Public Accountant, and Class A New York State and Florida State licensed real estate broker. He is an American Arbitration Association Commercial Panel Neutral and a Fellow of the American Bar Association Foundation. Mr. Wood has authored a number of books and publications including “Navigating the Dangerous Shoals of a Commercial Lease”. The Wall Street Journal called him “The Father of the Modern Killer Lease Form” and the New York Times noted that he negotiated the largest ground lease of its kind ever in New York City. Mr. Wood received his MBA in accounting from the University of Kansas and is AV rated by Martindale-Hubbell. (read more)
Alan M. Di Sciullo
Alan M. Di Sciullo is the Director of Global Real Estate at Shearman & Sterling and Professor of Real Estate at New York University's Masters Program in Real Estate. Formerly he was Senior Vice President at Citigroup Realty Services and First Vice President at Morgan Stanley where he handled leasing and corporate real estate transactions. Mr. Di Sciullo was a member of President Reagan's Private Sector Survey on Cost Control (Grace Commission). He was elected in 2003 as a member of the American College of Real Estate Lawyers (ACREL), which is the association of the country's top real estate attorneys. Mr. Di Sciullo served as Chair of the ABA's Office Leasing Committee and now chairs its Assignment and Subleasing Committee. He has received numerous teaching and professional awards. Mr. Di Sciullo received both his undergraduate degree in Government and Economics, cum laude, and law degree from Georgetown University. He also received an MBA in finance from New York University. He has an AV rating from Martindale Hubbell.
Product samples
Negotiation And Drafting Office Leases Sample Pages
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