Negotiate the Lease: Maneuver the Maze of Real Estate Options (OM)
Will your law firm upsize, downsize or "right size"? In this economy, you have options! There are so many terms to understand. You need to know the "rights": rights to assign, subletting rights, rights to contract and expand, rights of first refusal, rights to consolidate or merge, rights to move equipment from location to location and more. Learn how large and small firms alike need to negotiate favorable terms in their leases to prepare for the best of times and the worst of real estate times.
- Examine lease contraction and/or lease termination options and how to prepare a cost benefit analysis to see what is viable
- Discuss amendments and options to modify physical space, lease term, renewals, lease assignments, termination and /or contraction
- Examine case studies where leases have been written with flexibility
Elizabeth K. Cooper, J.D., is an International Director for Jones Lang LaSalle, Brokerage, Inc. She co-chairs the company’s Law Firm Practice Group and leads the Mid-Atlantic Strategic Transaction Service Group. Prior to joining Jones Lang LaSalle, Cooper practiced law for nearly 10 years at Covington & Burling in Washington, D.C. In addition to her real estate practice at Covington, she assisted the firm with its real estate needs, as one of the lawyers tapped to handle all real estate related matters.
For Live Program Only: (Note that only the CLM credit available for this webinar is stated below. If a credit is not stated, it is not available for this program.)
CLM Recertification Credit: 1 hour of credit in the subject area of Operations Management (OM).
CLM℠ App Credit (General): 1 hour of credit in the category of Organizational Development for those seeking to fulfill the CLM application;
CLM℠ App Credit (Functional Specialists): 1 hour of credit in the subject area of Operations Management (OM) towards the additional hours required of some Functional Specialists to fulfill the CLM application.
July 17, 2013 2:00 PM Eastern