Insights
Leasing
The Overlay
Field notes on commercial leases, the cam, the renewal, and the terms that set a cost basis for a decade.
Reading the Cam in a Lexington Office Lease
The common area maintenance clause is where a landlord hides the cost basis a tenant will pay for a decade.
The Renewal Notice and the Leverage You Give Away
The renewal option is worth what the tenant can negotiate on the day it is exercised, not the day it is granted.
The Sublease That Surrenders the Prime Right
A sublease priced to clear quickly can give away the renewal right on the master lease a tenant needs most.