Stephanie Friese, partner, Chamberlain Hrdlicka, Atlanta. Courtesy photo Avoid the White Flag by Negotiating Surrender Provisions in Commercial Leases
Notwithstanding the importance of a lease to the balance sheets of both landlords and tenants, surrender provisions are commonly glossed over and consequences can be detrimental to either side.
March 02, 2023 at 08:01 AM
6 minute read
The average base rent obligation over the term of the lease, in each commercial lease crossing my inbox in 2022, was over $1 million, exclusive of triple net charges and other potential obligations of a tenant that may arise during or after the lease term.
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