Instructor for this course
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Knowing how to evaluate and negotiate commercial real estate leases is crucial to minimizing legal and financial exposure. As a finance professional, it is important to be able to understand terms and identify all costs associated with a lease.

This course helps you understand the risks and benefits of key lease terms, which will improve your ability to structure a lease that is aligned with your business goals.  It is not designed for real estate experts.  This course explores important lease concepts and is done from the perspective of the tenant (lessee).

Learning Objectives

  • Explore the key terms of a lease for commercial office space.
  • Recognize terminology commonly used in office leases.
  • Discover how to negotiate a lease that is well matched with your company’s strategic objectives.
Last updated/reviewed: November 30, 2017

9 Reviews (56 ratings)Reviews

5
Member's Profile
This was a really good intermediate class. Definitely worth spending the time to go through. Very thorough. Very clearly made all his points. Excellent.
5
Member's Profile
The last module, SDNA, was very valuable to me. I have never heard of those terms and would have confused it with a standard NDA.
4
Anonymous Author
Very clear and precise explanations of terms and I appreciated the negotiation tips. Would be helpful to include more of those.
5
Member's Profile
This was a great refresher before beginning the steps to renew office lease since we only do this every 7-10 years.
5
Member's Profile
Thorough review of various commercial office space lease terms.
5
Member's Profile
Great Basic Commercial Lease information.
5
Member's Profile
Great course, at the right level
4
Anonymous Author
Good introduction to leases
5
Anonymous Author
Informative.

Prerequisites

Course Complexity: Intermediate

Prerequisite: Overview of real estate or comparable

 

Advanced Preparation: None

 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Critical Lease Terms
  8:04Lease Rate Terminology and Load Factor
  4:45Lease Term and Commencement
  3:51Parking Ratios and Early Termination
  7:14Expansion Rights and Option to Renew
  4:55ROFR, ROFO, and Comparison
  7:26Tenant Improvements & Deposits
  7:28Sublease or Assignment and Restoration
  4:19SNDA and Conclusion
Continuous Play
  49:58Critical Commercial Real Estate Lease Terms, Associated Risks and Costs
SUPPORTING MATERIALS
  PDFSlides: Critical Lease Terms
  PDFCritical Lease Terms Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM