Office Leasing Considerations in a Post-Pandemic World

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The COVID-19 pandemic presented unique challenges that landlords and tenants need to navigate moving forward. Initially, many looked to their lease for guidance only to find typical provisions like force majeure did not extend to pandemics or other public health crises, leaving them unsure how protect themselves in the future.

With new lease requirements like responding to government mandated occupancy reductions and closures, having the flexibility to modify office layouts, ability to sublease portions of premises, and reduce or close operations, among others, clients need your expertise now more than ever.

Hear from one of our Attorney-Editors as he discusses the following key considerations that need to be taken during lease negotiations in the post-pandemic world:

Operating Expenses
Assignment & Subletting
Alterations
Force Majeure/Casualty
Early Termination (Kick-out) right
Contraction/Expansion rights
Building Systems & Operations
Work Completion Date/Delivery Deadlines
Right to Abate Rent for Matters Outside of Tenant's Control

Speaker

Justin A. Xenitelis

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Justin A. Xenitelis joined Practical Law after serving as General Counsel and Executive Vice President at Thor Equities, an international owner, developer, and manager of commercial, residential, industrial, and other mixed-use properties. He has handled all aspects of commercial real estate, with a strong concentration in commercial leasing. Justin also serves as an adjunct professor at New York Law School, where he teaches multiple classes, including Commercial Leasing and Drafting Real Estate Documents.