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Memberships

CREWCREW (Commercial Real Estate Women) Network

  • Founder and inaugural President of the Utah chapter.

ICSC logoICSC (International Council of Shopping Centers)

American BarAmerican Bar Association

  • Vice Chair – Ground Leasing Committee
  • Leasing Group
  • Section of Real Property, Trusts and Estates

bar logoUtah Bar Association

  • Real Property Section - Former officer
Leases of All Types
Posted on Sep. 6, 2012

As most readers will know, there seems to be a limitless variety of leases, each with its own special concerns and potential pitfalls. Let’s name a few (bearing in mind that terms may overlap – or may describe much the same thing by different names):

  • Build to Suit Lease
  • Reverse Build to Suit Lease
  • Ground Lease
  • Industrial Lease
  • Office Lease
  • Food Cart Lease (or is it a license? – we’ll look into this later on)
  • Kiosk Lease
  • Triple Net Lease
  • Gross Lease
  • Modified Net Lease
  • Percentage Lease
  • Operating Lease
  • Sublease
  • Retail Lease
  • Medical Office Lease

We could go on, but you get the idea – there are many kinds of leases that can be tailored for the needs of the landlord and tenant. In other words, there is no such thing as a “good form lease” that can serve as the starting point for all leases.

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About Marianne

marianneAttorney Marianne G. Sorensen

As a practitioner in the commercial real estate legal area for a number of years, I’ve often thought that leases should get more respect. While multi-million property purchases take center stage, leases are signed which have the potential to tie up very valuable property rights for very long terms. It’s still somewhat of a rude awakening for me to realize that a lease I am crafting with an initial term of 30 years, for example, and several options to renew for additional lengthy terms, will be likely be in force long after I expire! It’s like legislating for future generations, and the consequences of an ill-drafted lease can be huge.

Please join me as we take an informal look at leasing in general, then work our way towards specific lease situations and drafting issues. I welcome your input here, on LinkedIn and on Twitter.  Here’s to the Art of Leasing!