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Structuring Complex Easement Agreements in Commercial Real Estate Deals

Reciprocal easement agreements (REAs) are necessary documents to address access rights for adjacent development, shared utility infrastructure, the construction, maintenance, and repair of shared components, and the allocation of costs for such shared components. In recent years, REAs and commercial leases also have presented unique challenges to the repurposing of shopping centers and addressing shared spaces affected by emerging technology, such as parking areas.

Our program will provide a framework for the drafting of reciprocal easements. The panel will provide information on relevant provisions to include in reciprocal easements depending upon the context of the project, including allocating development rights and encroachments into air space related to the development of the property.

Listen as our authoritative panel of practitioners discusses best practices for drafting and negotiating complex easement agreements. The panel will discuss reciprocal easements in commercial developments such as mixed-used and retail projects, as well as issues involved in restrictions on airspace.

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