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Commercial Ground Leases (2nd Edition)

Author(s): Jerome D. Whalen
Practice Area: Real Estate
Published: Jun 2001
Supplement Date: Mar 2013 i Other versions can be found in the Related Items tab.
ISBN: 0872241424
PLI Item #: 642

Featuring adaptable timesaving sample agreement language, PLI’s Commercial Ground Leases is your definitive guide to drafting, negotiating, and finalizing equitable, error-free leasing documents that minimize the possibility of legal conflicts.

The full range of relevant commercial ground leasing issues is clearly addressed in this convenient, one-stop resource, including basic rent and other payments; percentage rent; tenant, subordinated fee, and leasehold financing; ground lease term; premises and title; use and occupancy; subletting, assignment, and sale; exculpatory clauses; insurance, damage, and reconstruction; condemnation; default and redemption; surrender upon termination; rights to purchase; development rights leases; and multiparcel development.

Commercial Ground Leases shows you how to use arbitration and mediation to resolve disputes; how major bankruptcy laws have affected ground lease practice; how the law has adopted the ”modern” concept of a lease as a contract governing a commercial transaction or relationship; and how dramatic changes in the real estate financing market have impacted commercial ground leases.

Updated at least once a year, Commercial Ground Leases is an important reference for every attorney and business professional involved in commercial ground leasing transactions.

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Jerome D. Whalen is a graduate of the University of Washington and the Harvard Law School. He practices real estate and corporate law in Seattle, Washington and was a member of the board of directors of Wright Runstad & Company, a Seattle-based office building developer, from 1984 until 2004. His major ground lease projects have included the Four Seasons Olympic Hotel and the Wells Fargo Center in Seattle; One Bellevue Center, Two Bellevue Center, and Key Bank Center in Bellevue, Washington; and the Calais Office Center in Anchorage, Alaska. Mr. Whalen has taught and lectured extensively in both real estate and securities law, including courses at the University of Washington and University of Puget Sound (now Seattle University) Law Schools, and at programs sponsored by the Washington State Bar Association, Seattle-King County Bar Association, Northwest Center for Professional Education, and International Law Seminars. He is a member of the Washington State Bar Association, for which he has served as chairman of the Section on Corporation, Business and Banking Law, and the Washington State RICO Task Force.