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Assignment and Subleasing Below are some simple rules to live by when negotiating sublease and assignment rights from Gregg Pasternak: The Assignment and Subleasing clause is one of the most heavily negotiated in the Lease. Although most tenants do not expect to effectuate a transfer during their lease term, many do end up needing to...
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My good friend Gregg Pasternak tells us why we need audit rights in our leases, how they work, and how they should be structured.  I particularly like his opening line: “Operating Expense Audit Rights are Like Nuclear Weapons” You don’t want to use them, but it’s nice to know you have them, just in case.  ...
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It is amazing to me how many times I have represented tenants who would prefer to remain in their current location only to find that their landlord wants to “hold them hostage.”  What do I mean by this?  Well, most landlords are pretty smart and they understand how expensive it is for a tenant to...
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It is amazing to me how many times I have represented tenants who would prefer to remain in their current location only to find that their landlord wants to “hold them hostage.”  What do I mean by this?  Well, most landlords are pretty smart and they understand how expensive it is for a tenant to...
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Many of our clients voice concern about waiving statutory rights in leases.  Gregg Pasternak is an attorney.  He specializes in the proper documentation of office and retail leases on behalf of our clients.  Below are his thoughts on the common waiver language in found in typical California leases: Statutory Waivers California leases typically contain language in a number of provisions...
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If you have been reading my blogs you know that I often offer my thoughts on the ins and outs of important lease clauses. Subleasing, Transfer and Assignment rights are typically handled in the same clause and are very important to the flexibility of any lease.  Multiple concepts are covered in the Sublease & Assignment...
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It seems like every real estate conference or association “state of the market” event that I attend these days has an overriding theme.  All of the money (Equity and Debt) is focused on Core Urban Environments.  I have even written about the dynamic myself in a recent blog entitled Capital and Workplace Strategies Collide.  Many...
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One of the most under-negotiated clauses in leases is the paragraph dealing with Use.  In general, when a landlord prepares a lease it limits the use as much as possible (i.e. “Legal Offices” or “Italian Restaurant”).  However, tenants should always try to negotiate the broadest use clause possible.  The reason for this is that business...
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I get asked a lot of questions about real estate, but one question never stops coming.  It is asked by my clients, tenants I meet with, and other brokers in my office, “Should I get an allowance and build out my own space or should I just have the landlord build it?”  It is a...
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I read an article in the Harvard Business Review this morning (http://t.co/q61tlJ07) . It talked about how most big corporations are miserable at innovating. Other than a few bright spots like the Silicon Valley, where tech is driving commercial real estate demand, it seems like many areas just don’t have an economic engine to pull them out...
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About Tenant Guardian

Tenant Guardian is a boutique commercial real estate firm focused on tenant representation. We are committed to negotiating the best deals in the marketplace for our clients. Over 30 years of specialized experience in tenant representation ensures that our clients are protected.

About Exis Global

Exis is a global commercial real estate organization committed exclusively to representing tenants and end users. Founded by 16 of the world’s most respected, independent brokerage firms, we do one thing every day: Save tenants money on their real estate.