For a property manager or business owner, negotiating and drafting a commercial real estate lease can be daunting. Knowing the key provisions of a commercial real estate lease and how to effectively negotiate terms will allow you to enter into a beneficial contract in order to avoid potential problems.

Gain the skills you need to be a detail-conscious drafter of commercial real estate leases. You'll learn everything you need to know about drafting the different types of leases. Include important provisions so you don't leave yourself open to liability. Protect yourself, financially, by using various credit enhancements. Cover all the important operational issues, so you can ensure the property is properly taken care of. Establish risk management procedures, exit plans and default strategies and minimize the impact on you and your business. Take a look at the documents you'll need to be familiar with and address some of the less common issues that may arise. Don't miss this chance to update your knowledge.

1. Introduction to Drafting Commercial Leases
2. Basic Lease Provisions
3. Credit Enhancements and Forms of Security
4. Operational Issues to Include in Your Lease
5. Risk Management
6. Lease Exit Strategies
7. Default of Lease Contract
8. Other Issues
9. Documents Commonly Associated With the Leasing Process

1. INTRODUCTION TO DRAFTING COMMERCIAL LEASES
   9:00 - 9:30, LaVon M. Johns
   1. Types of Leases
   2. Drafting Process
   3. Commercial Lease Checklist
2. BASIC LEASE PROVISIONS
   9:30 - 10:15, John T. Huntington
   1. Description of Premises
   2. Expansion and Contraction Options
   3. The Term of the Lease
   4. Extension and Renewal Rights
   5. Rent
   6. Operating Expenses, Pass Throughs, CAMs and Taxes
3. CREDIT ENHANCEMENTS AND FORMS OF SECURITY
   10:15 - 10:45, Bruce D. Goodman
   1. Security Deposits
   2. Letter of Credit
   3. Guaranty of Contract
   4. Lease Bond
4. OPERATIONAL ISSUES TO INCLUDE IN YOUR LEASE
   11:00 - 12:00, LaVon M. Johns
   1. Use, Exclusive Uses and Prohibited Uses
   2. Alterations to Leased Premises
   3. Repair Obligations
   4. Compliance With Federal, State and Local Laws
   5. Surrender of Property
5. RISK MANAGEMENT
   1:00 - 1:45, John T. Huntington
   1. Insurance
   2. Indemnity and Exculpation Clauses
   3. Casualty
   4. Hazardous Materials
6. LEASE EXIT STRATEGIES
   1:45 - 2:15, Daniel J. Kopp
   1. Subleases
   2. Assignment of Lease
   3. Termination Rights
7. DEFAULT OF LEASE CONTRACT
   2:30 - 2:45, Daniel J. Kopp
   1. Tenant Default and Landlord Remedies
   2. Landlord Default and Tenant Remedies
8. OTHER ISSUES
   2:45 - 3:45, John T. Huntington
   1. Construction Provisions (Including ADA Issues)
   2. Brokerage Considerations
   3. Quiet Enjoyment
   4. Boilerplate Provisions
9. DOCUMENTS COMMONLY ASSOCIATED WITH THE LEASING PROCESS
   3:45 - 4:30, Bruce D. Goodman
   1. Estoppel Certificates
   2. Short Form or Memorandum of Lease
   3. Subordination, Nondisturbance and Attornment Agreements (SNDA)
   4. Lease Amendment

BRUCE D. GOODMAN is a partner at Timm & Garfinkel, LLC, in Deerfield. His principal areas of concentration include commercial real estate law, land use and development, and business law. Mr. Goodman previously was a partner at Kritzer & Levick, P.C., where he handled complex commercial real estate development, leasing, acquisitions and dispositions, and land use matters. He represents corporations and institutions in complex real estate development transactions and has extensive experience in leasing, acquisitions and dispositions, and land use. Mr. Goodman also was formerly a partner in the real estate department of Neal, Gerber & Eisenberg, and in the real estate boutique law firm of Nagelberg & Resnick, each located in Chicago. He earned his A.B. degree, with high honors, from Princeton University and his J.D. degree from Stanford University where he worked for Justice Mathew O. Tobriner of the California Supreme Court. Mr. Goodman frequently lectures on real estate topics for such groups as the International Council of Shopping Centers and the National Business Institute.

JOHN T. HUNTINGTON is the principal of Huntington & Associates, SP, with offices in Oak Brook, Illinois. He is a past instructor of business law at Illinois Benedictine College and in the Graduate School of Management at Lewis University. Mr. Huntington frequently lectures to professionals of all disciplines on a variety of commercial real estate issues. He is a member of the Illinois State Bar Association and the Illinois Real Estate Lawyers Association. Mr. Huntington earned his B.A. degree from Denison University and his J.D. degree from IIT-Chicago-Kent College of Law.

LAVON M. JOHNS is a partner and manager of the Real Estate Practice Group in the firm Pugh, Jones, Johnson & Quandt, P.C. in Chicago. She has represented numerous commercial and industrial clients in multi-million dollar commercial real estate transactions, including acquisitions, dispositions, real-estate based financing, development transactions and office and retail management and leasing relating to real property located in the U.S. and abroad. Mr. Johns also represents not-for-profit organizations in the redevelopment of real estate. She has extensive experience in counseling clients engaged in corporate mergers and acquisitions involving real property. Ms. Johns was selected as one of "40 Illinois Attorneys under 40 to Watch" by Law Bulletin Publishing Company in 2004. She has been designated an "Illinois Super Lawyer" in 2006, 2008, 2010 and 2011 as a result of research conducted jointly by Law & Politics and Chicago magazines. Ms. Johns has been named one of the 100 top Women in Real Estate by the Illinois Real Estate Journal for the past 3 years. She is listed in the 2010 edition of The Best Lawyers in America. She has recently attained the Leadership in Energy and Environmental Design Accredited Professional (LEED AP) certification issued by the U.S. Green Building Council. Ms. Johns is currently one of the very few attorneys in Illinois to attain this designation. She serves as an adjunct professor at the Northwestern University School of Law and is a frequent lecturer for the National Business Institute. Ms. Johns earned her B.A. degree, magna cum laude, from Creighton University and her J.D. degree from Northwestern University School of Law. She is a member of the American Bar Association (Affordable Housing Subcommittee) and the Chicago and National bar associations.

DANIEL J. KOPP is an attorney with the Chicago firm of Daspin & Aument, LLP, where he focuses his practice on commercial real estate transactions, particularly leasing, lending, acquisitions-dispositions and development. Mr. Kopp also has extensive experience in dealing with distressed properties on behalf of lenders and owners. His landlord clients include national and regional developers and other institutional owners of retail, office and industrial spaces. Mr. Kopp's lender clients are regional and community banks. He also has represented developers and institutional owners in the purchase and sale of retail, office, industrial, multi-family and mixed-use properties. Mr. Kopp is chairman of the Plan Commission of the Village of Willowbrook. He has been designated as a "Super Lawyer" for several year. Mr. Kopp frequently speaks and writes about issues related to real estate law. He serves as instructor of a multi-week course in real estate law and risk management as part of an industry accreditation program for the suburban Chicago chapter of the Business Owners and Managers Association. Mr. Kopp is on the board of advisors of Commercial Tenant's Lease Insider, and has participated in numerous article for that publication. He also has participated in numerous articles for Commercial Lease Law Insider. Mr. Kopp earned his B.A. from the University of Notre Dame and his J.D. degree from Indiana University.

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