By: Andrew M. Gluck Did you know that unrelated third parties (like a landlord and a tenant) should not be named a “co-insured” or even a “named insured” on another party’s insurance policy? In fact, …
Exclusive Use Clauses in Shopping Center Leases
By: Gary M. Kaleita Exclusive use clauses are not uncommon in shopping center leases. Tenants often request these clauses to prevent the landlord from renting space to other tenants who are competitors. Ideally, a shopping …
Basic Elements of Letters of Intent
By Gary M. Kaleita Letters of intent (LOIs) are used to summarize the material terms of a proposed transaction, typically involving the leasing or sale of real property. Sometimes called term sheets, letters of interest …
New Orleans Restaurant Wins with Covid Damages Ruling
By: Jacqueline Bozzuto Last week, Oceana Grill, a 500-seat seafood restaurant in New Orleans, won the first appellate victory for an insured business in a Covid-19 business-interruption case. Cajun Conti, the company that owns Oceana …
If It Walks Like a Lease, Talks Like a Lease: Leases vs. Licenses
By: James Walson There is a common misperception among landlords that licenses are more appropriate for smaller space even though the occupant is being granted exclusive use for a set period of time. As a result, …
What Landlords and Tenants Need to Know This Hurricane Season
By: Scott Renaud, Foundry Commercial; Quino Martinez and Nicole Cuccaro, Lowndes This year, forecasters at the National Oceanic and Atmospheric Administration are predicting another above-average Atlantic hurricane season, which runs June 1 through November 30. …
Five Quick Bullets for a Tighter Lease
By: Shawn Rader Here are five quick tips for tightening a commercial real estate lease and avoiding potential pitfalls down the road. The PartiesIt is amazing how often the identity of the parties to a …
Leasing the Right to Advertise…On the Roof
By Quino Martinez and Adam Lewis Building owners may have a hidden income-generating asset – their roof. Utilizing rooftop space to advertise, by placing a sign or painting an advertisement onto a roof, is a …
Ghost Kitchens Present Unique Leasing Considerations
By: Jacqueline Bozzuto, Nicole Cuccaro and Alyson Hoffman Published on Law360 A ghost kitchen, also known as a cloud kitchen, virtual kitchen, dark kitchen or test kitchen, is a professional-grade food preparation and cooking facility …
4 Tips to Protect Yourself Against Wire Fraud in Leasing
Wire fraud can result in significant loss, and it is permeating all types of transactions, including leasing. With tenants more frequently wiring funds to pay for security deposits and rents, it is important to take …