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2020 The Math of Leases: Essential Calculations to Understand Before Drafting Leases Audio Replay

Commercial leases are complex financial documents. There are issues of tenant improvement allowances, how that money is spent by tenants to improve the property, and how the landlord recovers that allowance, in the form of rent, over the term of the lease. There are issues of “CAM,” common area maintenance expenses, that are allocated among tenants. There are issues of rent escalators provisions through the term of the lease. There may also be the fundamental issue of whether the lease is triple or double-net or gross, and what that means from lease to lease.  All of these essential economic factors play a very important role in drafting commercial leases.  This program will provide you with a practical guide to understanding the economics of commercial leases and the drafting issues they raise. 
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Commercial leases are complex financial documents. There are issues of tenant improvement allowances, how that money is spent by tenants to improve the property, and how the landlord recovers that allowance, in the form of rent, over the term of the lease. There are issues of “CAM,” common area maintenance expenses, that are allocated among tenants. There are issues of rent escalators provisions through the term of the lease. There may also be the fundamental issue of whether the lease is triple or double-net or gross, and what that means from lease to lease.  All of these essential economic factors play a very important role in drafting commercial leases.  This program will provide you with a practical guide to understanding the economics of commercial leases and the drafting issues they raise. 

  • Math of Leases: Essential Calculations to Understand Before Drafting Leases
  • How certain financial metrics or calculations can cause substantial drafting errors
  • Underlying economics of commercial lease provisions
  • Rental start dates, lease years, and annual “elevator” clauses
  • Measurement of usable space, load considerations, and re-measurement
  • Intricacies of determining Common Area Maintenance expenses and proportionate shares
  • Determining gross sales for percentage rent purposes

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias or Kansas  credit.

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David Camp Related seminars and products: 1

Access Disability, LLC


David C. Camp is a partner in the Denver office of SennViscianoCanges, PC, where he represents clients in all aspects of real estate transactions.  He has extensive experience in leasing, development, construction, financing and ownership issues.  He also has substantial experience in commercial finance matters, most frequently corporate and real estate financing, including mezzanine loans, construction loans, and traditional loan matters.  Mr. Camp received his B.A. cum laude from Middlebury College and his J.D. from the University of Pennsylvania Law School.


Richard R. Goldberg Related seminars and products: 1


Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition.  Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years.  He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference.  Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute.  Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.