Tenant Leasing Illustrated – Jan 2017 – Subordination Tranquilo and Attornment Agreements
Subordination, non-disturbance and attornment agreements protect the possessory rights of tenants after their landlord has defaulted under its mortgage...
Tenant Leasing Illustrated – Dec 2016 – Breaking all the (Lease) Rules
It seems that 2016 has been a year for breaking all of the customary rules. First there was Brexit. Like many Americans, I am a little unclear on all the...
Tenant Leasing Illustrated – Nov 2016 – The Bear Necessities of Recapture
Generally, a tenant will have to accept some form of recapture in connection with a proposed assignment or sublease unless it has a good deal of leverage....
Tenants need to protect themselves from aberrations in their base year for operating expenses to avoid being hit with unexpected (and potentially large)...
Tenant Leasing Illustrated – Aug 2016 – The Desolation of… Your Real Estate Tax Base Year
Tenants must make sure that their real estate tax base year properly reflects a fully stabilized and assessed building. This is of particular importance...
Tenant Leasing Illustrated – June 2016 – Poetic License
Although commercial leasing attorneys do tend to wax eloquent, and I admit that on occasion my lease provisions read like a good romance novel, my licenses...