In the Spotlight: When Drafting Leases, Substance Matters

Drafters of (and all parties to) commercial leases should be aware that just using a magic phrase, such as "triple net," is probably insufficient to automatically alter the parties' otherwise express rights and duties.

10 minute read March 26, 2010 at 11:39 AM

Richard D. Williamson

In the Spotlight: When Drafting Leases, Substance Matters

What's in a name? Nothing. A poorly drafted lease, by any name, is a poorly drafted lease. Commercial leases often use the phrase “net” to describe the scope of the parties' respective duties.

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