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Pros vs. Cons, Selecting the Right Lease Type, Negotiating Unique Terms

Recording of a 90-minute premium CLE video webinar with Q&A

Conducted on Thursday, February 22, 2024

Recorded occasion now available

This CLE webinar will offer a thorough take a look at build-to-suit (BTS) leases and deal with the dangers and advantages for landlords/developers and tenants. The panel will talk about considerations and terms that are distinct to BTS rents as compared to standard industrial leases of which counsel should understand to best safeguard their customers' interests throughout the negotiation and preparing process. The panel will also supply best practices for drafting.

Description

A BTS lease is an agreement in between a landlord/developer and renter to build an industrial structure that fulfills specific tenant requirements. Although BTS leases consist of comparable parts as basic business leases, there are distinct risks and advantages for the parties to a BTS lease of which counsel need to be aware to finest safeguard their clients' interests throughout the settlement and preparing process.

For renters, a BTS lease provides particular monetary benefits and flexibility in addition to getting a residential or commercial property developed to match the renter's specifications. However, considered that the term of a BTS lease might run for 10-20 years, renters assume the risks of a long-lasting lease and the concurrent responsibilities.

For landlords and/or designers, a BTS lease secures a long-term renter