Build-to-Suit Leases: Key Considerations for Landlords, Developers, and Tenants; Pitfalls To Avoid
Pros vs. Cons, Selecting the Right Lease Type, Negotiating Unique Terms
Recording of a 90-minute premium CLE video webinar with Q&A
Conducted on Thursday, February 22, 2024
Recorded occasion now available
This CLE webinar will offer an extensive look at build-to-suit (BTS) leases and deal with the risks and benefits for landlords/developers and tenants. The panel will talk about factors to consider and terms that are special to BTS rents as compared to basic business leases of which counsel must understand to finest secure their clients' interests throughout the settlement and drafting procedure. The panel will also supply best practices for drafting.
Description
A BTS lease is a contract between a landlord/developer and occupant to develop an industrial structure that meets specific renter requirements. Although BTS leases include comparable components as basic business leases, there are unique threats and advantages for the parties to a BTS lease of which counsel need to know to best safeguard their customers' interests throughout the settlement and drafting process.
For tenants, a BTS lease offers particular financial advantages and flexibility in addition to acquiring a residential or commercial property developed to match the renter's requirements. However, given that the term of a BTS lease might run for 10-20 years, renters assume the risks of a long-lasting lease and the concurrent commitments.
For proprietors and/or designers, a BTS lease secures a long-lasting occupant; however, they acquire more threat throughout the development process, potentially incurring costs for a customized build, and threat being able to rent the customized residential or commercial property to others at the end of the lease term or if the renter defaults.
Pros vs. Cons, Selecting the Right Lease Type, Negotiating Unique Terms
Recording of a 90-minute premium CLE video webinar with Q&A
Conducted on Thursday, February 22, 2024
Recorded occasion now available
This CLE webinar will offer an extensive look at build-to-suit (BTS) leases and deal with the risks and benefits for landlords/developers and tenants. The panel will talk about factors to consider and terms that are special to BTS rents as compared to basic business leases of which counsel must understand to finest secure their clients' interests throughout the settlement and drafting procedure. The panel will also supply best practices for drafting.
Description
A BTS lease is a contract between a landlord/developer and occupant to develop an industrial structure that meets specific renter requirements. Although BTS leases include comparable components as basic business leases, there are unique threats and advantages for the parties to a BTS lease of which counsel need to know to best safeguard their customers' interests throughout the settlement and drafting process.
For tenants, a BTS lease offers particular financial advantages and flexibility in addition to acquiring a residential or commercial property developed to match the renter's requirements. However, given that the term of a BTS lease might run for 10-20 years, renters assume the risks of a long-lasting lease and the concurrent commitments.
For proprietors and/or designers, a BTS lease secures a long-lasting occupant; however, they acquire more threat throughout the development process, potentially incurring costs for a customized build, and threat being able to rent the customized residential or commercial property to others at the end of the lease term or if the renter defaults.