When negotiating a real estate purchase and sale agreement, parties generally — and understandably — concentrate their efforts on the major deal points of their transaction. Consequently, once the agreement is signed those...more
Few concepts are as confusing as the “gross up” of operating expenses to those who do not regularly deal with office leases. Most tenants understand that in addition to base rent, tenants often directly reimburse their...more
While the primary focus in drafting real estate documents is to ensure that the substance of the document captures the intent of the parties, this should not be the drafter’s only focus. For example details often considered...more