Leasing Illustrated

Jul
26
2019
Equipment Haikus Oddly enough, I missed this year’s annual Lunar and Planetary Science Conference in Houston, but I am told that in lieu of the required one-sentence summaries to describe their work, some scientists describe the complicated science in their papers with haikus. So instead of “The Effects of Shock and Raman Laser Irradiation on the Maturity of Organics in Martian Meteorites” (something I have dabbled in a bit myself), the haiku version is:
Jun
21
2019
Tenants looking to enter into a new lease are generally required to provide financial and other proprietary information for review by their landlord, and it is common practice for such prospective tenants to impose confidentiality requirements with respect to such information. For our post Father's Day edition, we look at "dad jokes" and confidentiality agreements (a.k.a. Non-Disclosure Agreements) used to enforce such confidentiality.
May
24
2019
What's bigger in pop culture these days than the Avengers and Game of Thrones put together? Yes, well that is nice of you, but no the answer is not the commercial leasing group at Mintz & Gold (although you were close). It's James Holzhauer. Who? Mr. Holzhauer is a professional sports gambler who has used game theory and an aggressive betting strategy to rock the world of Jeopardy.
Apr
26
2019
No tenant wants to be hit with unexpected costs to comply with applicable laws. Unfortunately, New York City's Local Law 26 of 2004 requiring sprinkler installation in buildings of certain height caught many tenants by surprise. Now, with compliance required by July 1 of this year, some tenants have been forced to address this lurking expense. In today's issue, we provide seven suggestions regarding this Local Law and compliance with other unforeseen legal requirements.
Mar
22
2019
Every tenant worries about its space being delivered on time. That is probably true in all instances, but particularly if the landlord is doing a turnkey buildout, if there is an existing tenant in the space and/or if the tenant is occupying its current space under an expiring lease and fears potential holdover charges. One way for a tenant to address a landlord's failure to timely deliver its premises is to require additional abatement on a day for day basis for each day of delay. In today's issue, we provide six suggestions regarding the imposition of additional abatement as liquidated damages.
Feb
22
2019
Every tenant needs the ability to sublet or assign its space in order to have an effective exit strategy. When the time comes to exercise that right, most tenants will retain a commercial leasing broker, and the commission payable will vary depending on whether the tenant is entering into a sublease or assignment, negotiating a buyout with its landlord, or undergoing a recapture of the premises as contemplated by its lease. In today's issue, we focus on six suggestions regarding the calculation of such commission. In today's issue, we focus on six issues to consider when negotiating a sub-sublease as either the sub-sublandlord or the sub-subtenant.
Jan
25
2019
Tenants need to protect themselves from non-performing landlords and lease provisions providing for abatement and/or self-help can go a long way in this regard. But sometimes the conditions in the premises are so bad that the tenant is "constructively evicted" and must vacate. In today's issue, we focus on six issues to consider regarding constructive eviction. In today's issue, we focus on six issues to consider when negotiating a sub-sublease as either the sub-sublandlord or the sub-subtenant.
Jan
04
2019
The same as any tenant, a subtenant needs the exit strategy that comes with an ability to further sublease. And notwithstanding the proliferation of the flexible workspace/shared office market, there is an available source of businesses willing to sub-sublease from a subtenant to meet its short-term needs. In today's issue, we focus on six issues to consider when negotiating a sub-sublease as either the sub-sublandlord or the sub-subtenant.
Nov
30
2018
In many industries, the ability to bring dogs and other pets to the office has become a priority amenity. It is easy to see how this can lead to conflict between landlords trying to regulate pet behavior and tenants looking for pet-friendly flexibility. In today's issue, we provide eight issues for commercial tenants to address when negotiating a pet rider or pet lease provision.
Oct
26
2018
Although sadly nothing in life is free, commercial leases often include "free rent", i.e., a rent abatement provision. This tenant incentive is an important part of the financial package that may be provided to commercial tenants and how it is structured can have financial implications for a tenant's lease. In today's issue, we provide six suggestions for commercial tenants when negotiating a rent abatement.