Drafting Commercial Leases - A Guide to Negotiating Repairs, Alterations, Use & Insurance

Introduction

Using a standard form of lease may make drafting easier, but do you know why particular wording is used or how it should be amended? If the other side makes an amendment, do you know the standard compromise position or what you should accept? If not, then this virtual classroom seminar is for you.

Aimed primarily at those who are relatively inexperienced at drafting and negotiating commercial leases, the course will focus on the repairs, alterations, use, and insurance provisions, covering what to expect for both landlord and tenant.

What You Will Learn

This live and interactive course will cover the following:

• Repairs
• What is a typical repairs clause?
• The importance of looking at the definition of premises
• What repair actually means in practice
• Inherent defects and schedules of condition
• The importance of a ‘Jervis v Harris’ clause
• Alterations
• Key concerns for landlord & tenant
• A typical clause on alterations
• The impact of other lease clauses on alterations
• What to consider on reinstatement?
• Use
• What is the ‘permitted use’?
• Positive v negative use clauses: the pros and cons
• Insurance
• Who should insure and on what basis?
• Defining insured risks
• Dealing with uninsured risks
• A landlord’s typical insurance obligations
• Rent suspension and reinstatement: what is the norm?

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.