COURSE DESCRIPTION
Master the intricate world of operating expense allocation where landlord cost recovery meets tenant protection in commercial lease arrangements that can significantly impact property investment returns and tenant occupancy costs. This specialized program addresses the complex drafting and negotiation strategies that govern CAM, insurance, and tax escalation provisions. Learn to balance cost recovery with tenant protection while creating enforceable and administrable expense sharing arrangements.
- Draft comprehensive CAM definitions and calculation methods that ensure fair cost allocation while preventing disputes
- Structure insurance requirement and cost-sharing provisions that provide adequate protection for all parties
- Address tax escalation clauses and assessment appeal procedures affecting property tax pass-through obligations
- Navigate audit rights and dispute resolution procedures for operating expense calculations and recoveries
Speaker:
Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.