Leasing Process in Economic Climate

by Brent R. Somers

A frustrated attorney for a tenant mired in drawn-out negotiations once lamented, “apparently, the only thing missing from this lease is a clause making sure we keep paying the rent after the end of the world!”

Sarcasm aside, this illustrates how most commercial lease forms – drafted, tweaked and stuffed with goodies over the years by well-meaning attorneys – are overbearing documents often leading to difficult,costly and time-consuming negotiations. Whether dealing with an office building or a retail center, is it all really necessary?

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