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Potentially crippling lease restrictions
CTRR's advice to help protect a tenant

    This tenant needs space for extensive staff training, entertainment of visiting executives, food service for these functions and other ancillary uses not standard for an office building.

    The landlord's "standard" lease doesn't specifically permit such uses and would have excluded some of them.  The consequences for a tenant who accepts such a lease can be very costly.  A landlord is under no obligation to know specifically what a tenant does -- so unless you make clear in a lease exactly what you need, you may find you can't perform essential functions because government regulations prohibit it, or you may find that you can proceed but only after costly renovations or additional payments to the landlord.

     CTRR's advice: make the lease clause at issue specific enough to protect the tenant yet flexible enough so the tenant can respond to changing business conditions.  CTRR's proposed changes were accepted.    

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CTRR serves commercial tenants exclusively nation-wide,
providing real estate brokerage & consulting services 
to help cut occupancy costs

Commercial Tenant Real Estate Representation Ltd.
12 East 41st Street, New York, NY 10017
Phone (212) 684-4400     Fax (212) 684-4403    
email mmanley@ctrr.net

Copyright (C) 2005 by CTRR Ltd.
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