Commercial Leasing: A Transactional Primer
This book is the first among legal textbooks to examine a crucial component of real property practice: commercial lease law. Commercial leasing is the lifeblood of commercial real property development in the United States. Real property lawyers regularly represent landlords, tenants and lenders in the leasing of commercial space. This area of practice is transactional and centers on a single negotiated document — the commercial lease. By the end of a course based on this book, students will have developed a genuine understanding of the major terms of the commercial office lease, the goals and objectives of parties to the transaction, and the skills crucial to effective representation.Bogart and Hammond have crafted a book uniquely suited to teaching this important area of practice. The book utilizes a sophisticated commercial office lease form promulgated by the ABA. Each chapter focuses on a particular lease provision. Chapters pull apart contractual language and terms of art, reveal the motivations of the parties to the deal, and finally, examine the underlying substantive law. In addition to presenting interesting case opinions, each chapter provides numerous challenging, real-world problems. Chapters typically conclude by asking students to apply what they have learned to provisions taken from the much-publicized “Killer Lease.” The book includes a chapter explicitly discussing professionalism, ethics and negotiations, and contains drafting and negotiation exercises that force students to pull together skills and substantive law lessons. This book will form the basis of an exciting elective real estate transactions course.
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The Precursor to the Lease
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Additional Rent agrees alterations amount and/or Annual Base Rent assignment attorney bank Bogart & Hammond breach Broker claim client Commencement Date Commercial Leases common law consent constructive eviction contractor costs court covenant damages deed of trust deemed default defendant delay electrical Estate Law Estoppel Certificate event expiration fees floor foreclosure Friedman & Patrick Friedman on Leases hereunder HVAC install judgment Killer Lease Land Landlord and Tenant language law firm lawyer lease agreement lease provisions Lender lessor liability lord ment Monthly Base Rent mortgage negotiations notice obligations office building Operating Expenses option paragraph parties payment permit plaintiffs Point Office Lease Premises Property Law pursuant Randolph Real Property reasonable rental repair require Tenant Rules and Regulations Section Starting Point Office sublease sublet subordination subordination agreement subrogation subtenant summary judgment Tenant Improvements Tenant shall pay termination Terrorism Insurance thereof tion transfer