transcript   Transcript

Dealing with Large Hidden “Big Ticket” Items

Recorded on: Mar. 6, 2017
Running Time: 00:58:45

Full Transcript:

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Taken from the Web Program Negotiating Commercial Leases 2017 recorded March, 2017 in New York.

Dealing with Large Hidden “Big Ticket” Items [00:58:45]
  • Triggered violations from deferred but enacted laws on filing of plans and demolition 
  • Costs included in CAM and operating expenses/capital disbursements – Landlord Build to Suit but no cash and "under supervision" – how to protect the “turnkey”
  • Negotiating "Work/TI" funding/completion rights with the Lender for "Recognition of Landlord's Work abatements and credits" – Future “delivery space” TI funding
  • Current failure to analyze and assure the "Attached Sketch" – compliance, use, repair obligations and "the missing terrace!" . . . the added building systems!”
  • Sprinklers, electric meters and VAV Boxes – analyzing Landlord’s “base building” inclusions
  • Mock Negotiation

Michael E. Meyer, John Busey Wood

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Audit Rights and Operating Expenses: Protecting Both the Landlord and the Tenant—Proper Inclusions and Exclusions—Doing the Gross-Up Correctly
    Michael E. Meyer
  • Hidden Operating Costs from Rentable Re-Measurements
    John Busey Wood
  • Substandard Service Specifications/Costs
    John Busey Wood
  • Hidden Commencement Date Costs
    John Busey Wood
Michael E Meyer ~ DLA Piper LLP (US)
John Busey Wood ~ Akerman LLP
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