Lease Terms

Lease Terms

October 2, 2024
Don Catalano

3 Hidden Commercial Leasing Costs Corporate Tenants Need to Know

As a CFO, Director of Real Estate, or C-suite executive, you know that signing a commercial lease is not just about securing space—it’s about protecting your portfolio’s long-term financial health. And all the experts know that when it comes to commercial leases, the advertised base rent per square foot is just the tip of the […]
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The Hold Over Clause and The High Stakes of Holdover Tenancy

This article will guide you through: The essentials of holdover clauses The scenarios that lead to holdover tenancy How to navigate these situations to protect your interests as an office tenant Holdover clauses are a critical component of lease agreements that tenants often overlook. But when it comes to holdover tenancy, the old saying “prevention […]
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What Happens When Office Landlords Go Bankrupt? And What Goes Wrong

In this article, you’ll learn: The impact of $2.75 trillion in expiring commercial mortgages by 2027. The fallout from landlord bankruptcies on tenants and the market. Essential lease protections, including SNDA clauses, for tenants. Future risks in the office market and strategies for tenants. This last year represented a massive turning point for the office […]
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Understanding Office Lease Holdover: Consequences and Strategies for Tenants

In this article, you’ll learn: Key aspects of holdover provisions and their impact on tenants. Common scenarios leading to lease holdovers and associated costs. Strategies for negotiating favorable holdover terms in your lease. The value of having a dedicated tenant representative to protect your interests. Despite being a tenant’s worst nightmare, triggering your lease’s holdover […]
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Debunking the Biggest Office Market Outlook Myths

In this article, you’ll discover: The office market is evolving, not collapsing, with a focus on high-quality spaces. Converting outdated office buildings to housing is complex and costly. Tenant protections are crucial due to potential landlord defaults. The outlook for the nation’s post-pandemic office market is stirring considerable anticipation, as stakeholders eagerly monitor developments to […]
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5 Things Every Office Tenant Should Know About the SNDA

In this article, we explore: Protecting tenant rights in case of landlord default or foreclosure. The three components: Subordination, Non-Disturbance, and Attornment. Risks of not having an SNDA in your lease. Importance of consulting a commercial real estate attorney for guidance. New office tenants are under a lot of pressure to find the perfect properties. […]
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Commercial Tenants: Reminder to Review Your Sublease Clauses

In this article, you’ll learn: The crucial role of a well-negotiated sublease clause for corporate tenants. The rise in sublease space and its impact on landlords. A recent legal case highlighting issues with sublease clauses. Key points for tenants to review in their lease agreements. Without the protection of a good sublease clause, a lot […]
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Should You Put Your Tenant Improvement Allowance in Escrow?

In this article, you’ll learn: The benefits of placing your Tenant Improvement Allowance (TIA) in escrow. How escrow accounts protect tenants and ensure proper use of funds. Current trends in office market pressures and rising TIA offers. Negotiating the Tenant Improvement Allowance (TIA) was already one of the most critical aspects of lease negotiation. Now, […]
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Office Tenants: Don’t Sign That New Lease Before Negotiating Self-Help Rights

In this article, you’ll learn: Why a Self-Help Clause is crucial for tenants amid landlord defaults. Current commercial real estate challenges and property devaluations. How a Self-Help Clause helps tenants manage maintenance if landlords fail. Tips for negotiating this clause and the potential pushback from landlords. Extraordinary times call for extraordinary measures. With landlords defaulting […]
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Office Tenants: The Clause That Can Save Your Tenancy is The SNDA

In this article, you’ll learn: Why the Subordination, Non-Disturbance, and Attornment (SNDA) clause is essential for office tenants. How the SNDA protects tenants in case of landlord default or foreclosure. The current leasing environment and rising landlord defaults. Tips for negotiating an SNDA and why it’s crucial for securing tenancy In a leasing environment where […]
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Signing a New Office Lease? Beware the Following Office Lease Clauses

In this article, you’ll learn: Key lease clauses to scrutinize when signing a new office lease. Importance of a strong sublease clause to protect against unused space. The impact of usage clauses on your ability to sublease effectively. How self-help and right of offset clauses safeguard tenants in volatile markets. The importance of a good […]
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