CMS Real Estate Webinar Series 2022 - Returning to the new normal - Commercial Rent (Coronavirus) Act 2022

In this webinar, our commercial property experts will provide you with an overview of all the developments in the field in 2018.

The US economy relies on a handful of major cities to drive new business and growth, while economically distressed communities continue to see declines in local businesses. Opportunity zones were developed to address some of these disparities and ultimately create a new asset class. But while opportunity zones have been a hot topic in the commercial real estate industry for the past couple years, there are still a lot of misconceptions about this initiative.

Using advanced geospatial analytics is allowing Retail and Real Estate firms to quantify the true economic value of each of their stores, uncovering surprising insights across their channels. With more than 7,000 Retail stores going dark in the US alone and consumers migrating rapidly to ecommerce, it’s becoming harder to justify keeping brick-and-mortar stores open.

Some of the most overlooked but potentially costly lease provisions address pre-leasing improvements, build-out, repair, and maintenance issues. Provisions regarding the build-out of premises must address cost issues, completion dates and delays, warranties, and defects. Maintenance and repair provisions address critical issues of reasonable repair period, rent abatement, lease termination, waivers of tenant rights, breach of implied warranty of suitability, and tenant self-help remedies. Parties must also address obligations to restore property after a casualty loss. Listen as our authoritative panel of commercial real estate practitioners discusses drafting and negotiating lease provisions regarding pre-commencement improvement, build-out, and functional maintenance and repair, as well as indemnification provisions to allocate risk.