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 available

This CLE webinar will provide an extensive take a look at build-to-suit (BTS) leases and attend to the dangers and advantages for landlords/developers and tenants. The panel will discuss considerations and terms that are distinct to BTS rents as compared to standard industrial leases of which counsel need to understand to best secure their customers’ interests during the settlement and drafting process. The panel will also provide finest practices for preparing.

Description

A BTS lease is an agreement in between a landlord/developer and renter to build a business building that satisfies particular renter requirements. Although BTS leases contain comparable components as standard business leases, there are unique dangers and advantages for the parties to a BTS lease of which counsel ought to know to best secure their customers’ interests throughout the settlement and preparing procedure.

For tenants, a BTS lease offers specific monetary benefits and versatility in addition to acquiring a residential or commercial property developed to suit the tenant’s specs. However, considered that the term of a BTS lease might run for 10-20 years, occupants assume the dangers of a long-lasting lease and the concurrent responsibilities.

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