Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.



Published on


Published in: Retail
  • Be the first to comment

  • Be the first to like this


  1. 1. 1) Exclusionsof operatingexpenses:CAM,REIT,INSURANCE 3) Commercial lease:Lease premisestocorporate orbanks or companies,commercialleasesare for much longerperiod. Retail lease:Lease premisestoretail shopslike supermarkets,foodcourts.Periodof retail lease Lesserthancommercial lease. 4) Kickout 5) Tenancyat sufferance- Stayinthe premiseswithoutconsentof LL. Rentwill increase,125%, 150%, 200%. Tenancy at will – Stay in the premiseswiththe consentof LL. Rentwill increase,125%/150%/200% Month to monthtenancy.- lease willbe renewed monthlyonthe baisi of holdingof premisesbythe T.. Rentwill be 100%. 6) Openingcotenancy- WhenT opensthe premises,major/anchorTenantshouldbe available and occupancypercentage shouldbe higher. operatingco tenancy- Duringthe operatingperiodof businessbyT,Anchor/majorTshouldbe available inthe property. 7) Yes,T can go dark, if co tenancydoesmeetatthe righttime and% occupancy islesserthan mentionedinthe lease. 8) Steppedrentincrease: Inthe whole termof lease,rentwillincreaseeveryyearorafterevery2 or 3 year. 9) Auditclauses: - Afterreceiving statementfromthe LL, T will respondthe statementinhow manydays. - Sendnotice toLL - T will doauditat T office/LLoffice - TrainedAuditorisrequiredornot - If auditerror if greaterthan 5%, chargeswill be paidbyLL, else chargeswill be paidbyT. 10) Typesof option: - GO dark - Kickout - Renewal option
  2. 2. - Contractionoption - Expansionoption - AutoRenewal option - Terminationoption - In lieu 11) Property- anylandor buildingwhichhasvalue isknownasproperty. 12) Typesof deposits: -Letterof credit -cash - Bank guarantee 13) Assignmentfee:During assignment,the chargesof assignmentagreementbetweenTand third party,knownas assignmentfees. 14) GLA: Gross leasable area- the wholeareaof the building. 15) BOMA: Buildingownerandmanagerassociation,usedtofindoutthe rentaccordingto the SF of the building. 16) T restrictionclause: - Assignment/subletting - Radiusrestriction - continuousoperationclause LL restrictionclauses: - Rightof firstrefusal - Rightof firstoffer - Damage and destructionclause 17) Base Year: Firstyearof the lease. 18) Afterhoursutilities:Usingthe utilitiesaftermentionedbuildinghours. Excessutilities:If Twantsto use utilitiesmore thanmentioned,Thasto pay extrafor those utilities.
  3. 3. 19) Recapture rights:LL has the rightto recapture the premisesincase of violationof anytermsand conditionof the lease bythe T. 20) NSFcharges:Nonsufficientfunds.If Tis notable to give rentbefore due date ordoesnot pay the full rentbefore due date.ThatisNSF. 21) Lease audit:examine all documentsrelatedtolease,andaboutthe propertyspace. 22) Cap types:Fixedamount,%increase,% increase accordingtoperSF. 23) Insurance maintained: hazardand Fire insurance,propertyinsurance,premisesinsurance, natural calamitiesinsurance,liabilityinsurance. 24) Rentabatementisfree rentandrentoffsetis,if T has givenexcessamountforanywork,he will adjustthat inrent.