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Business & Commercial Insight: Day-to-Day Business
Management Regarding Real Estate Leasing Transactions
Client: Last year, you advised me on the development of my company. Business has been great,
and now we are looking to lease office space, enter into contracts with third-party vendors and hire
employees—can you help us with that? Or should we seek advice elsewhere?
You: Yes, I can help you with all of that—let’s sit down and discuss our approach.
Often, clients expect their counsel to provide advice on all aspects of their business. Before
responding to these requests, it is important to understand the legal landscape of several areas of
law at every point in your client’s business lifecycle and draft the relevant agreement, in order to
identify issues for your client.
Advise Your Clients on Real Estate Leasing Transactions:
Whether your client is entering into a retail, industrial or office lease, the attorney has several roles that
may include drafting and reviewing the lease, negotiating the lease terms or advising about specific terms
of the lease. As a preliminary matter, it’s important to understand the overall nature of the transactions
to determine whether the lease will satisfy the tenant’s objectives. Find out what information should be
obtained at the preliminary stages of a commercial real estate leasing transaction:
•	 Is the location of the premises appropriate for the tenant’s business?
•	 Are the premises the right size for the tenant’s intended operation?
•	 Is tenant’s intended use of the premises permitted by the certificate of occupancy and relevant
zoning laws and ordinances?
•	 Are necessary approvals, permits or licenses required for tenant’s intended use of the premises?
•	 Will major improvements and alterations be necessary to the premises to make it suitable to tenant’s
needs and anticipated use(s)?
•	 Are there any potential environmental concerns with respect to the premises, such as previous use
of hazardous materials and/or contamination?
•	 What additional rent, such as tenant’s share of the operating costs for the premises, will be incurred
during the term of the lease?
•	 Are the lessor’s rules and regulations for the property reasonable and not going to interfere with
tenant’s intended use and enjoyment of the premises?
•	 Will tenant be permitted to assign and/or sublet all or a portion of the premises as may become
necessary or desirable during the term of the lease, and will the conditions to any such assignment or
subletting be reasonable?
Lexis Practice Advisor®
Understand Many Aspects of Your Client’s Day-to-Day Business:
yy Insurance yy Intellectual property
yy Customer, vendor and other third-party
relationships
yy Employment, consultant and
confidentiality
yy Sales yy E-commerce
yy Corporate housekeeping yy Social media
Draft Agreements Related to Your Client’s Day-to-Day Business Dealings:
yy Confidentiality and non-disclosure
agreements
yy Independent contractor and consulting
agreements
yy Terms of use yy Sales and purchase agreements
yy Employment agreements yy Services agreements
yy Promissory notes yy Internet website Privacy Policies
yy Distribution, agency and reseller
agreements
How Lexis Practice Advisor®
Resources Can Help
1.	 Practical guidance provides up-to-date resources, including insights written by attorneys currently
in practice at leading law firms. This guidance will help you become and stay abreast of the latest
developments and trends with regard to commercial contracts, real estate transactions, corporate
housekeeping and more, including best practices, common mistakes and pitfalls.
2.	 Model forms and agreements include sample documents, optional provisions, definitions and
alternative clauses where and when relevant, to ensure that your contracts and policies comply with
applicable federal, state and local laws.
3.	 Coverage on a vast array of topics, optional policies and procedures provide important insight into
transactions such as startup and formation, maintenance, dissolution and facilitation of business
relationships and joint ventures.
4.	 Advice and examples lead you through the process of negotiating, drafting and advising clients through
purchase and sale, real estate leasing and drafting agreements.
5.	 Guidance on day-to-day activities provide insight into the management of the business—intellectual
property, employment, real estate, tax, sales and distribution of products or relationships with vendors
or customers.
6.	 “On-Point” relevant coverage includes:
•	 Cases and codes deemed most relevant to the topic, allowing for quick reference to primary law
information when needed
•	 Well-established, analytical materials from leading brands such as Matthew Bender®
. Our expert
attorneys have identified and included the specific sections of the treatise or legal analysis that are
most relevant to topic and transactional legal practice
•	 Jurisdictional-based coverage for select states based on the topic at hand
LexisNexis, Lexis Practice Advisor and the Knowledge Burst logo are registered trademarks of Reed
Elsevier Properties Inc., used under license. Matthew Bender is a registered trademark of Matthew
Bender Properties Inc. Other products or services may be trademarks or registered trademarks of
their respective companies.
© 2014 LexisNexis. All rights reserved. 1014
Learn more and watch a demo at
www.lexisnexis.com/practice-advisor.
For more information, contact a Transactional Practice Specialist at 800-543-6862.

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Business & Commercial Insight: Real Estate Leasing

  • 1. Business & Commercial Insight: Day-to-Day Business Management Regarding Real Estate Leasing Transactions Client: Last year, you advised me on the development of my company. Business has been great, and now we are looking to lease office space, enter into contracts with third-party vendors and hire employees—can you help us with that? Or should we seek advice elsewhere? You: Yes, I can help you with all of that—let’s sit down and discuss our approach. Often, clients expect their counsel to provide advice on all aspects of their business. Before responding to these requests, it is important to understand the legal landscape of several areas of law at every point in your client’s business lifecycle and draft the relevant agreement, in order to identify issues for your client. Advise Your Clients on Real Estate Leasing Transactions: Whether your client is entering into a retail, industrial or office lease, the attorney has several roles that may include drafting and reviewing the lease, negotiating the lease terms or advising about specific terms of the lease. As a preliminary matter, it’s important to understand the overall nature of the transactions to determine whether the lease will satisfy the tenant’s objectives. Find out what information should be obtained at the preliminary stages of a commercial real estate leasing transaction: • Is the location of the premises appropriate for the tenant’s business? • Are the premises the right size for the tenant’s intended operation? • Is tenant’s intended use of the premises permitted by the certificate of occupancy and relevant zoning laws and ordinances? • Are necessary approvals, permits or licenses required for tenant’s intended use of the premises? • Will major improvements and alterations be necessary to the premises to make it suitable to tenant’s needs and anticipated use(s)? • Are there any potential environmental concerns with respect to the premises, such as previous use of hazardous materials and/or contamination? • What additional rent, such as tenant’s share of the operating costs for the premises, will be incurred during the term of the lease? • Are the lessor’s rules and regulations for the property reasonable and not going to interfere with tenant’s intended use and enjoyment of the premises? • Will tenant be permitted to assign and/or sublet all or a portion of the premises as may become necessary or desirable during the term of the lease, and will the conditions to any such assignment or subletting be reasonable? Lexis Practice Advisor®
  • 2. Understand Many Aspects of Your Client’s Day-to-Day Business: yy Insurance yy Intellectual property yy Customer, vendor and other third-party relationships yy Employment, consultant and confidentiality yy Sales yy E-commerce yy Corporate housekeeping yy Social media Draft Agreements Related to Your Client’s Day-to-Day Business Dealings: yy Confidentiality and non-disclosure agreements yy Independent contractor and consulting agreements yy Terms of use yy Sales and purchase agreements yy Employment agreements yy Services agreements yy Promissory notes yy Internet website Privacy Policies yy Distribution, agency and reseller agreements How Lexis Practice Advisor® Resources Can Help 1. Practical guidance provides up-to-date resources, including insights written by attorneys currently in practice at leading law firms. This guidance will help you become and stay abreast of the latest developments and trends with regard to commercial contracts, real estate transactions, corporate housekeeping and more, including best practices, common mistakes and pitfalls. 2. Model forms and agreements include sample documents, optional provisions, definitions and alternative clauses where and when relevant, to ensure that your contracts and policies comply with applicable federal, state and local laws. 3. Coverage on a vast array of topics, optional policies and procedures provide important insight into transactions such as startup and formation, maintenance, dissolution and facilitation of business relationships and joint ventures. 4. Advice and examples lead you through the process of negotiating, drafting and advising clients through purchase and sale, real estate leasing and drafting agreements. 5. Guidance on day-to-day activities provide insight into the management of the business—intellectual property, employment, real estate, tax, sales and distribution of products or relationships with vendors or customers. 6. “On-Point” relevant coverage includes: • Cases and codes deemed most relevant to the topic, allowing for quick reference to primary law information when needed • Well-established, analytical materials from leading brands such as Matthew Bender® . Our expert attorneys have identified and included the specific sections of the treatise or legal analysis that are most relevant to topic and transactional legal practice • Jurisdictional-based coverage for select states based on the topic at hand LexisNexis, Lexis Practice Advisor and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. Matthew Bender is a registered trademark of Matthew Bender Properties Inc. Other products or services may be trademarks or registered trademarks of their respective companies. © 2014 LexisNexis. All rights reserved. 1014 Learn more and watch a demo at www.lexisnexis.com/practice-advisor. For more information, contact a Transactional Practice Specialist at 800-543-6862.