Key Provisions in Restaurant Leases

Itkowitz PLLC partners Jay and Michele Maratto Itkowitz return in a discussion of the key provisions in restaurant leasing. Designed to teach attorneys all aspects of a restaurant leasing transaction, this program considers practical skills from both the landlord and tenant’s perspective.

As this area is heavily informed by case law, this program will also be helpful to all practitioners who want to know more about litigating disputes between landlords and restaurant tenants. 

Learning Objectives: 

I.    Grasp length of term and renewal considerations 

II.   Understand vital clauses including: 

• The use clause 
• Assignment clauses 

III.  Gain familiarity with collateral reassignments 

IV.  Explore considerations surrounding: 

• Equipment, fixtures & signage considerations 
• Right of attornment 

V.  Comprehend Good Guy Guaranties (GGG): 

• that refer back to the lease 
• and notice requirements 
• and liens and encumbrances 
• and rent abatements and clawbacks provisions 
• and lease renewals, extensions and modifications 
• Withdrawing from a GGG