Commercial Real Estate Leases: Advanced Topics and Analysis - In Person

This course offers two (2) Real Estate Elective Continuing Education (CE) credits for Colorado real estate licenses.

Commercial Real Estate Leases: Advanced Topics and Analysis

When evaluating lease provisions, whether you are a tenant or an investor, it is essential to analyze each provision both individually and collectively. This comprehensive analysis helps determine how these provisions affect the tenant's business needs and the landlord's overall lease value throughout its duration and after it expires.

Tenants and landlords often have different perspectives on real estate. We will explore the "Four Worlds of Real Estate" and how each perspective can influence real estate decisions.

Accurately calculating the size of the leased space is critical, as miscalculations can lead to significant financial repercussions for both the landlord and the tenant, potentially resulting in thousands of dollars in errors. We will provide an in-depth examination of the BOMA (Building Owners and Managers Association) methods for measuring office, industrial, and retail spaces.

We will discuss key lease terms and their impact on each party involved in the lease. Additionally, we will highlight the importance of the lease abstract and its use from various perspectives.

We will also cover the different types of properties associated with various leasing arrangements, with particular focus on lease terms. Furthermore, we will illustrate the differences and the impact of these terms on the transaction. A comparison of usable and rentable square footage will also be included.

During the presentation, we will evaluate and interpret the cost of occupancy from the tenant's perspective and the lease value from the landlord's viewpoint, applying various lease terms.

What you will learn:

· Implementing a lease abstract strategy.

· How each party views the lease document through the Four Worlds of Real Estate.

· Standard space measurements for different types of properties.

· Key lease terms and their implications.

· The importance of the lease abstract.

· Valuations of a lease from the landlord's perspective.

· Forecasting the cost of occupancy cash flows from the tenant's perspective.

When evaluating lease provisions, whether you are a tenant or an investor, it is essential to analyze each provision both individually and collectively. This analysis helps determine how these provisions affect the tenant’s business needs and the overall value of the lease for the landlord throughout its duration and after it expires.