This paper highlights risk management considerations for both landlords and tenants to mitigate the risks inherent in commercial real estate. Some of the commercial tenant considerations and clauses discussed include: damage and destruction, right to terminate, rent abatement, force majeure, and destruction and catastrophic loss. Additional commercial landlord considerations discussed include: rebuilding clauses, tenant improvement, and rental loss insurance.

This paper is part of a collection presented at LESA’s Commercial Leasing Challenges seminar in Edmonton on June 6, 2017 and in Calgary on June 8, 2017.