Has a tenant's failure to complete its estoppel certificate ever threatened to delay the sale of your property or the closing of a refinance? For many owners, the answer is yes. A recent revision to the AIR lease forms attempts to solve this problem. If a tenant fails to timely deliver its estoppel certificate, [...]
In a prior post on the A.I.R. Forms Practitioner, I addressed the question: Should landlords use the AIR lease form? For landlords that decide to utilize the AIR lease with modifications, below are some of the modifications to the AIR lease that I sometimes include. Transfer Premium: Particularly for longer term leases, I often include a “transfer [...]
The AIR form lease continues to be widely used in California. In a typical leasing transaction, it is the landlord that presents the initial draft of the lease. Advantages of the AIR Lease The benefits of an AIR lease are clear. Negotiations move quicker when the broker and/or attorney representing the tenant are familiar with [...]
