WMO
Withrow, McQuade & Olsen, LLP
Attorneys at Law
NOTE: This site includes a summary of certain legal issues facing landlords today. This site does not, and is not intended to, give legal advice. Reference should be made to full text of the statutes, regulations and legal documents for complete analysis. Consultation with competent counsel is strongly recommended.


Copyright © 2006 Withrow, McQuade & Olsen, LLP. All rights reserved.

3379 Peachtree Rd NE
Ste 970
Atlanta, GA  30326
Business Issues vs. Legal Issues in Leasing Transactions



Business Issue
Legal Issue


Tenant Name/Guarantor Name
Verification of Legal Entity
References/Financial Analysis

Size of Premises
Definition of Premises
Length of Term/Renewal Options
Definition of Term/Renewal Options
Amount of Rent
Definition of Rent/Payment Terms
Requirement to Pay Operating Expenses
Definition of Operating Expenses/Payment Terms
Right to Audit Operating Expenses
Parameters of Audit Right/Procedure
Amount of Late Charge/Fees
Definition of Late Charges/Fees
Amount of Security Deposit
Definition of Security Deposit/Landlord’s Right to Apply Security Deposit Upon Default
Holdover Rate (1.5 x vs. 2 x Base Rent)
Any Modification to Holdover Provisions
Permitted Use (Concept)
Definition of Permitted Use
Changes to Building Std. Services (Concept)
Definition of Building Std. Services/Service Interruption Provisions
Changes to Std. Repair Obligations (Concept)
Definition of Landlord and Tenant Repair Obligations
Amount of Tenant Improvement Allowance
Terms of Tenant Improvement Agreement

Modification of Std. Casualty Provisions

Modification of Std. Condemnation Provisions

Modification of Std. Landlord Reps. and Warranties

Modification of Std. Subrogation Provisions

Modification of Std. Indemnity Provisions
Quantity of Required Insurance for Tenant
Modifications of Std. Insurance Provisions
Std. of Landlord Discretion on Subletting and Assignment (sole vs. reasonable discretion)
Modifications of Std. Subletting and Assignment Provisions

Modification of Std. Tenant Default and Landlord’s Remedies Provisions
Importance of Statutory Landlord’s Lien
Modifications of Std. Landlord’s Lien Provisions
Right to Relocate Tenant
Modifications of Std. Relocation Provisions

Modification of Std. Force Majeure Provisions

Modification of Std. Attorneys’ Fees Provisions

Modification of Std. Limitation of Landlord’s Liability Provisions
Reserved and Non-Reserved Parking Rights
Definition of Parking Rights

Modification of Std. Bankruptcy Provisions

Modification of Std. Hazardous Materials Provisions

Modification of Std. Limitations on Tenant Remedies Against Landlord
Special Provisions (Concept)
Drafting of Special Provisions

Any Other Changes to Form Lease