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Lease Due Diligence

When negotiating a lease of a parcel that is subject to an REA, a practitioner must be aware that there are many ways that an REA can adversely impact a tenant. This article lists eight factors to consider when reviewing an REA.

22 minute read May 28, 2012 at 09:07 AM
By
Mark Morfopoulos
Lease Due Diligence

When several parties ' usually a developer and one or more retailers who own land adjacent to the developer ' desire to make integrated use of their respective properties, they can enter into a Reciprocal Easement Agreement (REA, which may also be called a Construction, Operation and Reciprocal Easement Agreement, COREA).

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