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Why You Should Attend
As the economic fallout from the COVID-19 pandemic continued into 2021, courts across the country have been called upon to decide drastically different interpretations of high-cost commercial leasing terms at a rate and scale not seen since the months following 9/11. In fact, parties including major insurance carriers have fiercely argued over whether circumstances amounting to “force majeure”, “impracticability”, and “business loss” should be treated similarly as those following the 9/11 tragedy. By understanding the courts’ views on these legal arguments among other current real estate leasing matters, leasing attorneys of all levels can better position themselves as the go-to counsel for selective corporate clients.
This annual two-day course was created by the venerable Milton Friedman as the Milton Friedman Lecture Series over 50 years ago and remains one of PLI’s longest running, popular programs. Each member of this program’s faculty can draw upon decades of experience to explain the intricacies of current laws and to provide their fellow attorneys with the tools needed to maintain a competitive edge—whether in the process of drafting a commercial lease, navigating insurance coverage, or litigating.
What You Will Learn
- Prevailing case law on breach allegations and pandemic-related defenses
- Current regulation on the duties of a landlords to safely operate and clean buildings
- Understand casualty clause triggers
- Lingering impact of COVID-19 on leasing
- Analyze the common law on retail, medical and industrial leases
- Recent decisions on recovering attorneys’ fees
- Tenant protocols and reporting requirements on medical waste and hazardous materials
- Learn to strategically draft dispute resolution clauses
- Rent deferral and abatement: contractual vs common law rights
- “Pop-up” occupancy in malls
- Key insurance coverage considerations
- Legal ethics in commercial leasing
Who Should Attend
Real Estate transaction and litigation professionals engaged in drafting, reviewing, and/or negotiating commercial leases and related contracts. The program is designed for all levels of experience.
Program Level: Overview
Prerequisites: Attendees should have a foundational knowledge of commercial leasing and real estate matters
Intended Audience: Outside counsel, in-house attorneys, lenders, and retail or other real estate management professionals responsible for drafting, reviewing, and/or negotiating commercial leases, advising on leasing contract terms including lending
Advanced Preparation: None