PLI Press is proud to announce the publication of the new edition of Net Leases and Sale-Leasebacks: A Guide to Legal, Tax and Accounting Strategies.

This pragmatic guide offers invaluable strategies on how to best approach the most common ownership, financing, documentation, taxation, and accounting issues associated with net leases and sale-leaseback transactions.  It provides example lease documents and in-depth coverage around net leases — along with the legal and structuring issues that impact how they are taxed. Author Ken Miller packs the pages with practical guidance and insight gleaned from his storied career helping clients close more than $7 billion of U.S. commercial real estate transactions, primarily involving net-leased properties.

Some of the highlights from the new edition include:

• Chapter 2: New sections on legal doctrines relevant to net leases, including landlord liability for injuries on the premises (see §2:2.1), tenant estoppel certificates (see §2:2.2), implied covenants to provide tenant with possession (see §2:2.3), and liability of successor landlord for breaches by former landlord (see §2:2.4).
• Chapter 5:  
  • New discussion of section 467 rental agreement accrual, including assignment of a tenant’s interest in a section 467 rental agreement (see §5:3.8) and early termination of such an agreement (see §5:3.9).
  • New sections on self-employment taxes (see §5:12) and state taxes (§5:13), with a focus on franchise, excise, and similar taxes in Tennessee, Texas, and California.
• Chapter 6:  New discussion of I.R.C. section 4975 and the “look through” rule as it applies to investments made by benefit plan investors (see §6:1).
• NEW Appendix F: Section 467 Rental Agreement Accrual Table.
• Appendix D and Appendix E have also been updated.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.