Gain and understanding of purchase, right of refusal, first offer, expansion and contraction clauses.
Options and leasing - more often than not, these are negotiated (sometimes fiercely) at the letter of intent or drafting stage, but once the lease is signed, they are often forgotten.
The future impact of granting and receiving option rights are often overlooked or not understood, many times leading to serious legal issues for both landlords, tenants and lenders.
This topic is intended to provide real estate professionals with an overview of some of the most common (and some unusual) options found in commercial leases. The content will discuss what options are, how to preserve them and delve into legal issues often overlooked in transactions such as subleasing, assignments and lending transactions.
You will learn about the types of options available (and those that will not work), how to preserve option rights and what legal issues could be impacted down the road. This is essential information for any real estate professionals who work with commercial leases.
Agenda
Faculty
Glenn Fuller
Raines Feldman LLP
- Partner and business lawyer with Raines Feldman LLP
- Practice centers on a wide array of matters including real estate acquisitions, financing, and leasing of a variety of commercial urban and regional development
- Substantial experience in the negotiation and preparation of sophisticated partnership agreements
- Achieved the highest rating with Martindale-Hubbell Law Directory
- 2010-2017 Southern California Super Lawyers
- J.D. degree, Loyola Law School; B.A. degree, University of California
- Can be contacted at 310-730-4370 or [email protected]
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