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Negotiating and Drafting Office Leases

  • ID: 3511027
  • Book
  • March 2020
  • Region: United States
  • 3222 Pages
  • ALM Media, LLC
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“The first treatise that a leasing pro will refer to for explanation of new and difficult issues as well as a refresher on issues that have not recently been encountered.” - James S. Saunders, Esq., Senior Managing Director, Newmark Knight Frank

“[An] extraordinary treatise.... The real value of this book is in its practical evaluation of lease provisions, the motivations of the parties, and the reasonable (and unreasonable) positions that parties to a lease often take.” - Prof. Daniel Bogart, Chapman University School of Law, and Prof. Celeste Hammond, John Marshall School of Law, in Commercial Leasing: A Transactional Primer

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 book and CD offers a practical road map 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 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 samples that will help beginners and experts alike involved in commercial real estate transactions.
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John Busey Wood
John Busey Wood, Esq. is a Partner in the New York City office of Akerman Senterfitt LLP. He is a member of the American Arbitration Association Commercial Neutral Panel 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 and chairs the Practicing Law Institute Commercial Leasing Panel Programs nationally for over a decade. Mr. Wood counsels international and US based retail tenants and corporate property owners and lessees on cost reduction and safe leasing. 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. He is also a certified Public Accountant. http://www.officeleasingusa.com/bios_wood.html
Alan M. Di Sciullo
Alan M. Di Sciullo, Esq. is the Director of Global Real Estate at Shearman & Sterling LLP and Professor of Real Estate at New York University's Masters Program at the Schack Institute of Real Estate. He has been a Senior Vice President and First Vice President at a major global bank and investment bank where he handled leasing and corporate real estate transactions. He has served as Chair of the ABA's Office Leasing Committee and other leasing committees. He was elected as a fellow to the American College of Real Estate (ACREL) lawyers. He received his JD and undergraduate degrees from Georgetown University and MBA from New York University. Mr. Di Sciullo is AV rated by Martindale-Hubbell.
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