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LEASE INDEMNITY

 

As a commercial real estate professional, you spend a great deal of time and financial resources in an effort to turn your vacant space into an income producing asset.  And when you are representing tenants to third party buildings, negotiating acceptable financial terms are just the begining of getting the transaction closed.  Industry experts agree, the single most difficult aspect to concluding a commercial lease is the indemnity provision in the event of default on behalf of the tenant. Nobody goes into a lease with the idea of breaking it.  But as we know, things can change over the course of a lease.  Wasting important time and good-will haggling over the terms related to a situation that may never happen can only cause a deal to fall apart.  The solution is a simple straight forward approach that creates a win-win scenario for all involved.  

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