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: August 16, 2023
22 Reviews (103 ratings)

Reviews

5
Anonymous Author
Good overall perspective on anything and everything leases. Do note that this is mostly in the perspective from the lessee, but is also very applicable to those interested from the lessor-side of things.

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.

4
Member's Profile
While the speaker was good at explaining concepts, I felt the course lacked a sense of cohesion. There was not a smooth flow from one topic to the next.

4
Anonymous Author
Very good lease terminology course. Wish there were a couple more definitions covered (ex. Estoppel) but course is very effective for beginners.

5
Member's Profile
The instructor is very knowledgable and information was well presented. He also speaks with a good voice and makes session move at a good pace.

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.

5
Member's Profile
This course was easy to participate in and learn. I like the breakdown of segments and course documents that went along with it.

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
Good coverage of Commercial lease terms with descriptive slides. Very good for an introduction to commercial lease agreements.

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.

4
Anonymous Author
The course was very informative, and the instructor was clear with very good slides to support discussion.

5
Anonymous Author
Fantastic course that comprehensively covers a lot of detailed topics in a rather limited amount of time.

5
Anonymous Author
Easy to follow course. Lots of information to take in. Good for the tenant side of commercial leases.

4
Member's Profile
Would like to see examples of reviewing of leases to put the use of the terms into action.

5
Member's Profile
Great course to get a basic understanding of terminology used in commercial leases.

5
Anonymous Author
Useful overview of lease terms and conditions, enjoyed instruction style.

5
Member's Profile
Thorough review of various commercial office space lease terms.

5
Anonymous Author
I really enjoy this topic and the way it was presented. Thanks!

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Critical Lease Terms
  Lease Rate Terminology and Load Factor8:04
  Lease Term and Commencement4:45
  Parking Ratios and Early Termination3:51
  Expansion Rights and Option to Renew7:14
  ROFR, ROFO, and Comparison4:55
  Tenant Improvements & Deposits7:26
  Sublease or Assignment and Restoration7:28
  SNDA and Conclusion4:19
Continuous Play
  Critical Commercial Real Estate Lease Terms, Associated Risks and Costs 49:58
SUPPORTING MATERIALS
  Slides: Critical Lease TermsPDF
  Critical Lease Terms Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam