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Commercial Leasing: A Transactional Primer
This book may be the first among legal textbooks to look at a crucial element of real property practice: commercial lease law. Commercial leasing may be the lifeblood of commercial real property development in the usa. Real property lawyers regularly represent landlords, tenants and lenders in the leasing of commercial space. That is true in periods of booming property development, in addition to in periods of economic depression. Leasing practice is transactional and centers around an individual negotiated document the commercial lease. By the finish of a training course predicated on this book, students could have developed an authentic knowledge of the major terms of the commercial office lease, the goals and objectives of parties to the transaction, and the abilities imperative to effective representation. Bogart and Hammond have crafted a book uniquely suitable for teaching this important section of practice. The book utilizes a complicated commercial office lease form promulgated by the ABA. Each chapter targets a specific lease provision. Chapters pull apart contractual language and terms of art, reveal the motivations of the parties to the offer, and lastly, examine the underlying substantive law. Along with presenting interesting case opinions, each chapter provides numerous challenging, real-world problems. Chapters typically conclude by asking students to use what they will have learned to provisions extracted from the much-publicized ”Killer Lease.” The book carries a chapter explicitly discussing professionalism, ethics and negotiations, possesses drafting and negotiation exercises that force students to pull together skills and substantive law lessons. This second edition also contains new problems patterned on authentic leasing practice along with recent important cases. In quite similar way that property lawyers confronted newly developed environmental law a generation ago, property lawyers today are learning how exactly to meet client demands that leaseholds and leasehold contracting satisfy standards of resource sustainability. This new edition therefore carries a chapter on ”Green Leasing.” Property, property, and transactional law professors who would like to help students to build up a real knowledge of a transactions-based practice will love Commercial Leasing. This book will form the foundation of a thrilling elective property transactions course.
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