Negotiating Commercial Lease Casualty Provisions: Insurance, Termination Rights, Tenant Improvements
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will advise leasing counsel on structuring casualty provisions in commercial leases. The panel will discuss how insurance may affect a casualty event, rent abatements available to tenants, how casualty provisions may affect landlords' and tenants' termination rights, and how to best preserve tenant improvements. The panel will address best practices in negotiating these provisions to protect their stakeholders.
Outline
- Casualty provisions in commercial leases
- Insurance interplay
- Termination rights
- Tenant considerations
- Improvements
- Landlord considerations
- Tenant considerations
- Best practices
Benefits
The panel will address these and other key topics:
- How does the lease define casualty, and does this match what insurance policies cover?
- What remedies should be available to the tenant and does the type of casualty matter?
- What limitations on landlord termination rights in a casualty event should tenants consider?
- How can tenants protect investment in improvements during a casualty event?
Faculty
![Heller, Richard](/img/t/45cc9b7c2c5cb12ff90ea1860f8aeb7a.jpg)
Richard Heller
Of Counsel
Sherin and Lodgen
Of Counsel in the firm’s Real Estate Department, Mr. Heller advises clients on all aspects of commercial real... | Read More
Of Counsel in the firm’s Real Estate Department, Mr. Heller advises clients on all aspects of commercial real estate transactions. He is also a member of the firm’s Hospitality Practice Group, representing hospitality clients on a broad range of projects. Mr. Heller is also a Principal at Pineapple Hospitality Consulting Group LLC. He previously served as Senior Vice President and General Counsel to a regional restaurant group for 17 years.
Close![Kilgore, Abigail](/img/t/859e7348a22355430abf899050de4fc5.jpg)
Abigail D. Kilgore, CPCU, AAI, CIC, CRM
Partner, Senior Vice President Sales Executive
USI Insurance Services
Ms. Kilgore focuses in the real estate realm with larger real estate clients, clients and prospects with complex real... | Read More
Ms. Kilgore focuses in the real estate realm with larger real estate clients, clients and prospects with complex real estate exposures (for example, historic tax credits, affordable housing, coastal exposures, real estate development) as well as municipalities. She has a depth of knowledge in historical and ground up builders’ risk, creation of alternative risk financing options for property insurance, and implementation of the services provided by our Brokerage Firm. She serves on the Advisory Board of Affiliated FM Insurance Company and has obtained several prestigious insurance designations including Chartered Property Casualty Underwriter(CPCU), Certified Risk Manager (CRM), Certified Insurance Counselor (CIC) and Accredited Advisor of Insurance (AAI).
Close![Lang, William](/img/t/e20a15b76944bf5dd6ce6475372313d5.jpg)
William X. Lang
Partner
Winston & Strawn
Mr. Lang is a member of the firm’s Real Estate Practice. On the leasing side, he represents landlords,... | Read More
Mr. Lang is a member of the firm’s Real Estate Practice. On the leasing side, he represents landlords, tenants, sublandlords, and subtenants in connection to office leases and subleases, as well as retail leases for national retailers. With respect to acquisitions and dispositions, he represents buyers and sellers of commercial properties across all asset classes. On the lending side, he represents lenders and borrowers in connection to complex real estate financings (including both mortgage and mezzanine loans) related to the acquisition, construction or refinancing of commercial properties throughout the U.S. Mr. Lang has also represented various financial institutions in connection with restructurings of distressed assets including workouts, forbearance agreements, notes sales, deed-in-lieu of foreclosure agreements, and litigation related to foreclosures of real property.
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