If The Lease Is Going To Wind Up This Way Anyway, Why Not Start Out This Way?

Print

Last week, though it might not have been clear (which would be entirely our fault), we were suggesting that the lease negotiating process would be quicker and more effective if the parties started with a form a lot closer to the finish line than has become the custom. We were surprised by how much support we received for our suggestion that the “default” approach in a lease should not call for a landlord’s approval of every detail of a tenant’s fit-up or other alteration work. Certainly, there were detractors, but we thought there would only be detractors. That turned out to be far from the case.

This got us to thinking about some other common clauses that seem to be more suited for inclusion in The Dance of the Seven Sisters (An Iroquois tale adapted by Amy Friedman). Today, our thoughts turn to the default clauses in the typical lease. [Read more…]

Print

More On The Exercising an Option While In Default Debate – Supplementary Thoughts

Print

The August 25 Ruminations posting about the right of a tenant to exercise renewal rights or non-disturbance rights even when it is in default engendered a lot of comment, both in on this Rumination site and in a number of Linked-In Group discussions. So, in a departure from past practice, I offer this “supplementary” posting with a generic form of compromise to “Get The Deal Done.” I’m not advocating one position or another with respect to any negotiation. In my role as an attorney, I represent clients, not myself. Attorneys advocate for their client’s desired outcomes. Attorneys are “who their clients are” when engaged as attorneys, though not in their public or private roles.

Ruminate over this: [Read more…]

Print