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Challenges in Building Today's Tenant Improvements

Recorded on: Oct. 22, 2012
Running Time: 01:00:30

Full Transcript:


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Taken from the Web Program Negotiating Commercial Leases: How Owners & Corporate Occupants Can Avoid Costly Errors 2012 recorded October, 2012 in San Francisco.

Lecture Topics  [01:00:30]

Challenges in Building Today's Tenant Improvements  [01:00:30]
  • Practice tip! High value property - selling pieces of the property - future condominium declaration
  • Hot Topic - later creation of multiple superior interests and impact on expansion and option rights
  • Timeline of creation of interests - impairment of rights - securing the Landlord Work/$
  • Negotiations of the SNDRA - "R" is for full recognition - deal with the lender in beginning - abatements and credits for landlord's work funded by tenant loan!
  • Purchase extensions and options may not work after conversion
  • Bring the lender and security interest holders to the table first - secure the landlord's work funding and related rentalcredits/abatements - hot topic - loss of abatements and offset protections
  • Owner in workout will not fund TI or brokerage commission - Tenant the "Equity Investor"
The purchase price of this segment includes the following article from the Course Handbook available online:
  • Challenges in Building Today's Tenant Improvements
    David J. Siegel
  • Mixed Use Property: Retail/Office/Residential (Chart)
    John B. Wood
  • Saga of the Superior Interests: Article 27--Subordination
    John B. Wood
Speaker(s)
Conrad D. Breece ~ Morris Polich & Purdy LLP
Michael E. Meyer ~ DLA Piper
John B. Wood ~ Akerman Senterfitt LLP
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