Pros vs. Cons, Selecting the Right Lease Type, Negotiating Unique Terms

Recording of a 90-minute premium CLE video webinar with Q&A

Conducted on Thursday, February 22, 2024

Recorded occasion now readily available

This CLE webinar will supply an in-depth appearance at build-to-suit (BTS) leases and address the dangers and benefits for landlords/developers and renters. The panel will go over considerations and terms that are unique to BTS rents as compared to basic industrial leases of which counsel need to be aware to best safeguard their clients' interests throughout the settlement and drafting procedure. The panel will also provide finest practices for preparing.

Description

A BTS lease is a contract between a landlord/developer and renter to build a commercial building that meets specific tenant requirements. Although BTS leases consist of similar parts as basic business leases, there are unique threats and advantages for the parties to a BTS lease of which counsel need to be conscious to finest protect their customers' interests throughout the negotiation and preparing procedure.

For tenants, a BTS lease provides specific monetary benefits and versatility in addition to obtaining a residential or commercial property created to suit the tenant's requirements. However, provided that the regard to a BTS lease might run for 10-20 years, tenants assume the risks of a long-lasting lease and the concurrent obligations.

For landlords and/or designers, a BTS lease protects a long-lasting occupant