Risk Management in Commercial Leases
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.
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