“Windows are as essential
to office prestige
as Christmas is to retailing.”
When you have over 30 years of commercial leasing law experience (especially retail), representing both landlords and lessees, you collect thousands of factoids such as Enid Nemy’s comment in The New York Times.
And you appreciate the importance of making sure that every detail has been covered.
Not long ago, I was reviewing a lease that had been submitted by a lessor to a client. In a paragraph discussing annualization of percentage rents, the document provided that there would be no “animalization.”
I was relieved. No hidden werewolves! Whew!
Who knows what legal disaster could lurk in such an error?
Decades of Retail and Commercial Leasing Experience
Commercial leasing, whether by landlords or tenants, is not for amateurs. Or sissies. There are provisions that are critical and must be carefully drafted, even if they seem wordy.
Common Area Maintenance (CAM) always creates the most disagreement. Tenants want to be sure that landlords aren’t overcharging; owners worry about covering all expenses.
The disposition of leasehold improvements at the end of the term is of significance to both lessor and lessee. Landlords may require that all leasehold upgrades remain, or require that they all be removed. Either could be costly.
Negotiation skills can be as important as legal talent.