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OnDemand Course

How to Draft and Negotiate a Restaurant Lease

Learn how to properly draft and negotiate a restaurant lease and how to resolve issues that may occur.

Renting and operating a restaurant is a daunting task; one that requires numerous considerations, significant expenses and a lot of time and hard work. A good business plan, negotiating a good lease and excellent executions are all critical to success. Spending the time and resources to draft and negotiate strong restaurant lease is an important investment and one that is sure to pay dividends and prevent headaches in the future. With tight margins, high expenses, and stiff competition, one mistake can mean the difference between success and failure. This topic provides a road map for drafting and negotiating the best possible restaurant lease and maximizing one's chances for success.

102 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Develop a Plan of Attack

  • Understand Goals and Objectives
  • Create a Business Plan
  • Create an Implementation Plan/Checklist

Do Your Due Diligence

  • Investigate the Landlord
  • Investigate the Location

Inspect the Premises; Negotiating the Letter of Intent

  • Who Should Negotiate the Letter of Intent
  • What Should the Letter of Intent Provide - Key Terms and Provisions
  • Why It Matters

Drafting and Negotiating the Lease

  • Who Should Negotiate the Lease
  • Whose or What Form of Lease Should Be Utilized
  • What Should the Lease Provide
  • How to Resolve Impasses and Successfully Complete the Lease
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on September 10, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • NM CLE 1.5
     
  • This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of credit.
     
  • NY CLE 1.5 including Skills 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Skills for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for credit for established attorneys only. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of A/V credit under the Law & Legal Procedure category.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jonathan M. Grosser, Esq.

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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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407613
Published 2020
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