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Publisher Description

NO CONSULTANT, REAL ESTATE BROKER OR LAWYER likes a client to accuse him or her of over-lawyering a lease. This is particularly true when one is acting on behalf of a prospective tenant in a lease that has been prepared by the landlord. A lease is a very complex document; a fact that clients who do not deal with leases on a regular basis fail to recognize. The lease is only a "simple" document for those who are not knowledgeable. The leasing of real estate for business use has been a part of the business scene since time immemorial. Originally, the courts viewed a lease as a sale of the real estate for the term of the lease. That concept resulted in the tenant taking the property with all its defects and inadequacies, and the lessor having no responsibility for the condition, repair or maintenance of the property during the lease term. The tenant also was required to continue paying rent under any circumstance. Even if the building burned down, the tenant was obligated to pay the rent.

GENRE
Business & Personal Finance
RELEASED
2006
September 22
LANGUAGE
EN
English
LENGTH
17
Pages
PUBLISHER
The Counselors of Real Estate
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
287.8
KB

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