Real Estate:
Commercial Leasing
Once commercial real estate has been developed or redeveloped, it is either sold to a new owner or retained as an asset. In either situation, the new owner or the developer needs to lease out the commercial space—retail, office, industrial or mixed-use.
Commercial leasing is an important concern for investors and developers involved in the financing, purchase, development, use and sale of real estate.
To do commercial leasing right, you need a legal team with broad and deep experience within the real estate industry—a legal team that knows the law and knows your business. At McDonough Holland & Allen PC, we can be your sole legal source for advice, planning, transactions and dispute resolution in the area of commercial leasing programs.
A commercial leasing attorney will structure, negotiate and document an appropriate leasing program in a thorough, timely and cost-effective manner.
Before you acquire any property, we review existing leases to determine and verify rental income, tenant right and tenant creditworthiness—a step often required by lenders.
Lease documents can be fairly standard or they can be specially negotiated (particularly when there is a mixture of uses and tenant-deal formats). We will strategize the documents to fit the needs of the owner or developer, as well as the needs of the tenants.
A shopping center, for example, might include a combination of build-to-suit leases, reverse build-to-suit leases, pad leases, anchor tenant leases and shop leases. The sale of certain parcels to anchor retailers can involve simple or complex agreements like those for purchase and sale, reciprocal easements and development.
Commercial leasing programs we have created for owners and developers include ground leasing, sub-leasing, multi-tiered arrangements, umbrella leasing, and equity and cash-flow participation leases.
Our clients are individuals, public and private companies, government agencies, and institutions. They are owners, operators, investors, lenders, insurers, developers and builders who are involved with projects that include a commercial leasing component.
When it comes to commercial leasing for the commercial real estate industry—whether advice, deals or dispute resolution—the lawyers at McDonough Holland & Allen PC will do what it takes to help you “Do it right.”
|
