Important Commercial Lease Clauses - Part 1

During this show, Dan Shasteen and I will focus on specific lease clauses typically contained in commercial leases but that landlords and tenants pay little attention to. These provisions often are considered form but may have significant impact on the rights and obligations of both tenants and landlords. Some of the provisions that we will be discussing include: 1. Limitations on use; 2. Assignment & Sublease 3. Landlord's default and repair obligations 4. Estoppel Certificates We may be discussing additional provisions depending upon the available time. This will be a the first in a series of shows in which we will break down and discuss individual provisions of commercial leases. Dan has practiced law for over twenty years in California and Hawaii and is currently licensed to practice in both states. He specializes in corporate and real estate law. Born and raised in Honolulu, Hawaii, he graduated Magna Cum Laude from the University of Washington in Seattle, Washington with distinction in Economics. He obtained his law degree with Honors from Duke University in Durham, North Carolina. Mr. Shasteen has extensive experience in drafting and negotiating retail, commercial and office leases. He has formed over 200 corporations and limited liability companies and has represented Fortune 500 companies in acquiring real estate and other corporations. He lives in Laguna Niguel, California with his wife and three children, two of which are attending college. Dan is former corporate counsel for MONY Life Insurance, Real Estate Division.