The sublet and assignment provisions are some of the most heavily-negotiated aspects of a commercial lease. In partnership with the American Bar Association, the Savills Legal Tenant Practice Group has developed a two-part webinar program that provides an in-depth look at these provisions and provides a no-cost way to get two hours of CLE credit.
In two one-hour sessions, learn from an accomplished real estate attorney and an experienced commercial real estate broker focused on representing tenants about topics such as:
• Under what circumstances ought a tenant be entitled to proceed without landlord consent
• If landlord’s consent is to be required, on what grounds ought the landlord be entitled to withhold consent and how should the process of requesting and obtaining consent be structured
• Landlord recapture of premises sought to be sublet, including the various types of recapture transactions
• Profit sharing, including what costs ought to be deductible in computing profits and how should the profit calculation be made
• Marketing, pricing, engaging the brokerage community, working with your landlord, and the critical role that time plays in the calculus of subletting
This program can be accessed for free – and at any time – through the American Bar Association’s On-Demand CLE offerings. We invite you to access Part One and Part Two at your convenience.