Commercial Ground Leases acquaints readers with key concepts, dispute resolution practices, and drafting strategies concerning commercial ground leases. The book features enlightening discussions on base and ground rents, reappraisals, tenant and landlord financing, subletting, exculpatory clauses, mortgage financing, insurance and damage considerations, defaults, redemption, and rights to repurchase, inflation indexing and other important commercial ground lease concepts, along with dozens of practice-ready forms and checklists. This sixth release of the treatise is significantly updated with the latest developments in the law and practice of ground leases.

The new release includes the following updates:

• Chapter 3, Base Rent and Other Payments, dis­cusses the concept of holding rent, in the context of the preconstruction period section (Section 3:2.3).
• Chapter 10, Ground Lease Term, covers the redevelopment option, the option to the tenant to redevelop the property at its then-highest and best use with a right to an extension of the term (section 10:8.3).
• Chapter 18, Condemnation, discusses utility easements, as part of the discussion of partial condemnation and rental abatement (section 18:5.1).
• Appendix A, Ground Lease, renamed the subsection “Extended Term” to “Reappraisal of Minimum Rent.”
• In addition, the Bibliography, Table of Authorities, and the Index have been updated.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.