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Covered Topics
- Differentiating among property types – key terminology and operating factors for multi-family, retail, office and industrial/warehouse
- Additional issues with owner-occupied and “specialty” properties, such as hotels and nursing homes
- “Triple net” versus full-service leases
- Overview of other common provisions in commercial leases, including
- Reimbursement for common area maintenance (CAM)
- Cotenancy clauses
- Requirements placed on the tenant
- Requirements placed on the landlord
- Estoppels
- Subordination, non-disturbance and attornment provisions
- Unusual or extraordinary lease provisions, such as building naming rights
- Re-lease and rollover risk
- Physical style risk and ongoing property management risk
- The concept of sponsorship
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