Part 24*: What is a “Lease Surrender Agreement?” A lease surrender agreement applies when a Tenant vacates the Premises prior to the expiration of the term. This may […] Read more
Part 23*: How does the security deposit work on a commercial lease? In most commercial leases, Tenants are required to deliver a security deposit to the Landlord. The amount of the security […] Read more
Part 22*: Can a commercial lease be signed electronically? It is now commonplace for a commercial lease to contain language that allows for electronically transmitted signatures and DocuSign signatures. […] Read more
Part 21*: What is a “SNDA” in a commercial lease? A “SNDA” is an abbreviation for Subordination Nondisturbance and Attornment Agreement. At its core, the Tenant agrees to subordinate the […] Read more
Part 20*: How are environmental issues addressed in commercial leases? Environmental issues are addressed in commercial leases in a number of ways. First, most leases will prohibit the Tenant from […] Read more
Part 19*: What is an “indemnification clause” in a commercial lease? Most commercial leases include an indemnity clause whereby the Tenant indemnifies the Landlord for any claims arising out of the […] Read more
Part 18*: What are the insurance requirements in a commercial lease? Most commercial leases will require the Tenant to maintain certain insurance coverage with specified minimum limits. At a minimum, the […] Read more
Part 17*: Landlord’s Work, Tenant’s Work and Tenant Improvement Allowances in Commercial Leases A commercial lease will often flesh out the details concerning Landlord’s Work, Tenant’s Work and Tenant Improvement Allowance. Landlord’s Work […] Read more
Part 16*: What is a “relocation clause” in a commercial lease? A relocation clause in a commercial lease allows the Landlord to relocate the Tenant to another Premises in the same […] Read more
Part 15*: What is a “demolition clause” in a Commercial Lease? A “demolition clause” in a commercial lease is a clause that allows the Landlord to cancel the lease in order […] Read more