Common Contracts
1 similar null contracts
Suite 1400, 4208 Six Forks Road Raleigh, NC 27609North Carolina • May 16th, 2014
The commercial lease is a hybrid between a demise of property and a contract for the operation; a much more difficult construct to navigate than a simple sale of property where the seller and buyer do (or at least should) not interact following closing. This paper discusses some overriding issues in commercial leases by first discussing the interaction between legislation and case law and the provisions of commercial leases, then discussing the players and procedure in the drafting and negotiation process, and then discussing specific provisions that are typically included in commercial leases. While by necessity these subjects are dealt with sequentially, the lease negotiation process should be viewed holistically.
