PLI recently updated Friedman on Leases (Sixth Edition). This acclaimed treatise clarifies and analyzes the full range of lease provisions and conceivable landlord-tenant situations to give you unsurpassed practical instruction on how to negotiate and draft airtight agreements that protect your clients’ rights and minimize their liability exposure.

This definitive work continues to deliver not only the foundational knowledge required by novice practitioners, but also analysis of and insight into the most current and relevant developments facing
seasoned practitioners in the commercial real estate field.

Highlights of this Release #3 include the following:

• • Disclaimer of Waiver by Landlord: Updated discussion examines
    whether a nonwaiver provision may be waived.
  • Security Deposit Clause: New samples of a lease provision that requires
    tenant to deposit cash as security; a lease provision that requires
    tenant to deposit a letter of credit as security; a lease provision that permits
    tenant to deposit either cash or a letter of credit as security; a lease
    provision that permits the security deposit to be reduced if certain conditions
    are satisfied; and a form of a letter of credit to be attached as an
    exhibit to a commercial lease.
  • Option to Cancel Lease—Sample Provisions: New samples of negotiated
    provisions granting tenant the one-time right to cancel.
  • Stipulations: Instead of a stipulation that permits tenant to remove
    its installations, an alternative approach is for the parties to define in the
    lease what constitutes “Tenant’s Property,” and that the tenant has the
    right (and/or the obligation) to remove its property. A new sample provision
    of this type is provided.

This essential title is available on PLI PLUS, our online research database.  If you’d like to order a print copy, please email libraryrelations@pli.edu or call 877.900.5291.