It all starts with the letter of intent.
Has your client reached out to you for assistance with a lease? Yes. Did they already sign a non-binding letter of intent with the landlord? Hopefully, no. If they already have then the anchor has been set, and as all good anchors should be they are hard to move. Your client’s landlord now has an expectation that the letter of intent will be honored so as the attorney, should you attempt to change any terms of the letter of intent once it has been signed, that may cause ill will between the parties at the start the relationship. This white paper will review how to start out on the right foot when working on a restaurant lease and discusses lease provisions from operating covenants to licenses and permits and many steps in between to set your client on the right path.
Jonathan M. Grosser, Esq.
Royer Cooper Cohen Braunfeld Llc
- Partner in the office of Royer Cooper Cohen Braunfeld LLC
- Practice emphasizes all aspects of real estate
- Recently has served as leasing counsel to a locally based hotel REIT, a New York based enclosed mall REIT, a California based office REIT, and a local developer of major mixed-use projects in connection with all of their real estate needs
- Served as counsel to a Fortune 500 company in connection with the creation and implementation of a Master Leasing arrangement involving 3,000,000 (+/-) rentable square feet of office space
- Represented an investment group in connection with the acquisition and branding of multiple previously independent hotels
- Represented a multi-unit franchisee in connection with the acquisition, development and roll out of multiple well-known water ice franchises
- Represented a multi-unit franchisee in connection with the acquisition, development and roll out of multiple award-winning BBQ restaurants
- Conducts regular seminars and workshops on numerous real estate transaction topics, including, “Lease Workouts – How, Why and When,”and, “Are you a Closer? How to Avoid Common Pitfalls and Successfully Close Your Transactions”
- Membership information: Philadelphia Bar Association; New York State Bar Association; American Bar Association; Board Member, CoreNet Global, Philadelphia Chapter; International Council of Shopping Centers; New York State Bar Association, Real Property Section; Board Chairman, American Red Cross of Southeastern Pennsylvania, Montgomery County Chapter
- J.D. degree, New York Law School; B.A. degree, Tulane University
- Can be contacted at 267-546-0784 or [email protected]
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