An Introduction to Commercial Leasing
Date: Mar 2, 2022 9:00 a.m. – 12:00 p.m.
- Matthew J. Schiller, Esq.
- Murphy Schiller & Wilkes LLP, Newarkis a Partner in Murphy Schiller & Wilkes LLP, in Newark, New Jersey, and leads the firm’s Leasing, Opportunity Zone and Distressed Real Estate Practice Groups. He represents clients in a wide range of transactional and litigation matters in New Jersey, New York, Connecticut and elsewhere, including the acquisition, disposition, leasing and management of all kinds of commercial properties including office, medical office, industrial, retail and multi-family developments. Since the enactment of the Tax Cuts and Jobs Act of 2017, he has developed significant experience in the formation and operation of Qualified Opportunity Funds and Qualified Opportunity Zone Businesses as well as the associated real estate transactional, leasing and development issues.
Admitted to practice in New Jersey, New York and Connecticut, Mr. Schiller is a Fellow of the American College of Real Estate Lawyers (ACREL) and a member of the Board of Consultors of the New Jersey State Bar Association’s Real Property, Trust & Estate Law Section, where he is Past Chair. A lecturer for ICLE and other CLE providers, he co-authored the Leasing chapter in Commercial Real Estate Transactions in New Jersey (ICLE, 2019, 4th Edition). He is the recipient of several honors.
Mr. Schiller received his B.A., with honors, from Trinity College and his J.D. from Washington University (St. Louis) School of Law, where he served as Associate Managing Editor of the Washington University Journal of Law and Policy. He served as a law clerk to the Honorable Victor Ashrafi, New Jersey Superior Court, Somerset County, Law Division.
- Ivette P. Alvarado, Esq.
- Sills Cummis & Gross, PC, Newark
Attorneys are often called upon to negotiate and draft commercial leases. You may be asked to negotiate on behalf of your own firm, friends, colleagues, or business associates. There are many aspects of drafting or negotiating the commercial lease. There are differences if the lease is for office space, retail space or a construction lease.
Could you benefit from a program specifically designed to provide a basic understanding of commercial leasing? This practical program will make you aware of many of the concerns when dealing with commercial leasing.
- What terms should be contained in a lease?
- What is a “gross lease”? A “net lease”?
- What is a worth letter allowance?
- What are the most heavily negotiated “Boiler Plate” provisions?
- Commencement date
- Repair and maintenance clauses
- Operating expense pass throughs and base years
- Real estate taxes
- What do I need to know about tenancy actions?
- Can the commercial lease be assigned?
- ...and more