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About the Teleseminar
Small commercial space leases – for offices, retail locations, warehouses – are unlike big leases. Tenants are much more sensitive to the cost or reviewing or drafting, and negotiating lengthy leases. The panoply of tenant use restrictions in lengthier leases tends to suffocate the ability of smaller tenants to operate their businesses. Landlord rights and remedies in “short “form” leases tend to leave tenants with little flexibility and few remedies against landlords. At the same time, landlords fear the instability and costs associated with small tenants. This makes focusing on the economic essentials important to landlords and the operating essentials important to tenants in small leases very important. This program will provide you a real world guide to drafting or reviewing a small commercial lease, including economics, use restrictions, subleasing, and remedies.
- Issues in reviewing and drafting for small commercial space leases
- Red flags in “short form” leases for small tenants
- Ensuring “use” restrictions allow tenant to operate its business
- Common area maintenance, taxes, insurance, fees and penalties
- Scope of landlord services to tenant – and landlord remedies
- Exit issues – “go dark” provisions, subletting, tail liability
About the Speaker
Mark A. Senn is a partner in the Denver law firm of Senn Visciano Canges P.C, where he has an extensive national real estate practice, including commercial leasing, purchases and sales, title cases, condominiums, loan and workout transactions, and mezzanine financing transactions. He is the author of "Commercial Real Estate Leases: Preparation, Negotiation and Forms" (3d ed.) and "Commercial Real Estate Transactions Handbook (3d ed), both published by Aspen Law & Business. He is a member of the Board of Governors of the American College of Real Estate Lawyers and a member of the Board of the Advisors of the newsletter “Commercial Lease Law Insider.” He received his B.S., with distinction, from Stanford University and his J.D. from Boalt Hall School of Law at the University of California, Berkeley.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour