Commercial Ground Leases (Fourth Edition) provides readers with a definitive guide to drafting, negotiating, and finalizing equitable, error-free leasing documents for both landlord and tenant. Full of numerous appendices, including forms of letter of intent, leasehold mortgagee protection clauses, intercreditor agreements, fee and leasehold deed of trust provisions, estoppel certificate and guaranty, and a complete ground lease with many alternative clauses, this treatise’s adaptable, time-saving language makes it an invaluable resource.  

Highlights of the updated information include:  

• Chapter 1, The Truth About Ground Leases, and Chapter 2, Preliminary Agreements and Letters of Intent, features new material on the covenant of good faith and fair dealing (Sections 1:7.3 and 2:2.3) 

• Chapter 12, Development of Improvements, includes an expanded discussion of completion guaranties (Section 12:3.4) 

• Chapter 19, Default and Redemption, contains new material regarding a landlord’s duty to mitigate if the tenant defaults, and the leaseholder walks away (Section 19:1.4) 

• Chapter 23, Multiparcel Development, presents new material on deal structure—particularly a development agreement for the entire property, defining several parcels for sequential development and allowing the developer to lease each parcel over a time schedule (Section 23:2) 

• Updated Table of Authorities and Index 

Order a print copy today.