We regularly assist landlords and tenants navigate through the complex range of issues that can arise in commercial leases.
Our extensive experience in commercial leasing matters involves office/retail, medical, industrial, and warehouse buildings, as well as shopping centers. Our expertise encompasses a variety of lease structures, including traditional leases, master (option to buy) leases, sale/leaseback and ground leases. In most lease transactions, determination of rental costs is of paramount importance. Landlords often want to pass along some or all of their operational/ownership costs to the tenant in addition to the base rent in the lease agreement. Such charges can include common area maintenance (CAM) expenses, property taxes, and property insurance premiums. We are well-equipped to advise our clients regarding various lease types, such as fixed, percentage, gross, modified gross, net (N, NN, and NNN) , and absolute triple net leases, to help them meet their long-term needs.
There should be no surprises in a commercial lease arrangement. When drafting, reviewing or negotiating commercial leases, we work closely with our clients to ensure that all rental charges, fees, caps, escalations, and other lease provisions — such as security deposits, renewal options, use restrictions, co-tenancy, sub-lease and termination rights — are clear and fully meet their expectations.