There are many differences in the legal principles, practices and forms used in commercial tenancies as compared with their residential counterparts. This program will cover all the major areas a manager or owner's representative should know, from leasing to evictions, and will be specific to Massachusetts's law. As part of the program the "Standard Form Commercial Lease" will be analyzed in detail and alternative provisions will be discussed. The instructor, who has advised property managers for decades, will offer practical suggestions throughout the program. January 21, 2004 9:00am - 12:00 noon Crown Colony, Quincy, MA Facilitated by Daniel M. Polvere, Esquire McCullough, Stievater & Polvere, LLP ABOUT THE INSTRUCTOR Daniel M. Polvere, Esquire is a partner in the law firm of McCullough, Stievater & Polvere, LLP, with offices at 121 Main Street, Charlestown, MA 02129. His broad real estate practice included a concentration in landlord-tenant and condominium matters. One of the firm's specialties is property management representation. It is a long-time active FRIEND of IREM. |
- You are a property manager who is new to the area of commercial leases or who has limited experience with non-residential tenancies. The primary focus will be on office and small retail tenancies; however, the principles will apply to all commercial situations. Owners and brokers who deal with negotiating and leasing will also benefit.
After taking this course you will understand:
- Licenses, easements, and tenancies
- Different kinds of tenant entities (corporations, LLCs, etc.), the formalities; and how to hold responsible people liable
- Security deposits, guaranties and similar devices
- Rent escalations, additional rent and other financial provisions, "gross" versus "net" rent
- Options to extend and renew
- Assignments and subletting - how restrictive can a landlord be?
- Importance of "use", insurance, waiver of subrogation and indemnity provisions
- What lease provisions are typically negotiated?
- Determining who pays for repairs
- Estoppels certificates, notices of leases and subordination agreements
- Handling defaults and evicting commercial tenants
- And much more!
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