Shareholder Shawn Rader provides a list of lease provisions that should be reviewed when the opportunity arises, especially during the COVID-19 pandemic.
During this age of pandemic, lease modifications are going to be abundant. The silver lining to that necessity is that like renewals or assignments, they offer an opportunity to review the lease provisions and correct any mistakes made in the original, or to capture any changes which might have occurred since the original lease was signed. This includes some of the most basic terms, which in my 40 years of dealing with leases and landlord / tenant litigation, are often the soil upon which misunderstandings or errors fester, leading to unhappy results in court.
The following are lease provisions which bear a quick review when the opportunity arises. [...]
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