In the Spotlight: Crafting Carve-Outs to Tenant's Obligation to Pay Operating Expenses
November 05, 2004
Much ink, thought, and aggravation have gone into crafting carve-outs to a tenant's obligation to pay its proportionate share of operating expenses. Depending on the relative leverage of the parties in the deal, the tenant may get significant concessions from the landlord, including carve-outs for capital items and other potentially costly expenditures.
Beyond the Basics: Leasing and Operational Audit Issues
November 05, 2004
Whether you work for a national retail chain or a local retail tenant, you should consider periodically performing lease audits to determine what type of short-term and long-term strategies to implement in an effort to keep your business viable. A lease audit that reviews and identifies risks and liabilities will assist you in developing and/or fine-tuning a business strategy that benefits your company.
Strategically Manage Occupancy Costs to Increase Law Firm Profitability
November 05, 2004
Aside from payroll, real estate costs are a large law firm's most significant expense. Even under the best circumstances, such expenditures — sometimes called occupancy costs — consume 8% to 10% of the typical large firm's annual revenue. These costs are not confined to rent; many firms finance millions of dollars worth of expenses associated with the construction of their space.
Best of Law Firm Leaders in Marketing Supplement
November 04, 2004
A special insert to November's issue features our picks for the law firm leaders that best support marketing.
Second Circuit Tackles RLUIPA
November 02, 2004
The federal Religious Land Use and Institutionalized Persons Act (RLUIPA) threatens to have a significant impact on local zoning decisions. Municipalities across the country have challenged the statute's constitutionality. In the most recent of those cases, <i>Westchester Day School v. Village of Mamaroneck</i>, 2004 US App LEXIS 20327 (NYLJ, 10/15/2004, p. 18, col. 1), the Second Circuit declined to address the constitutional issues directly, but suggested a narrow construction of the statute that would reduce RLUIPA's impact on local zoning policies.
Brooklyn Jury Convicts One, Exonerates Other
November 02, 2004
On Sept. 20, a Brooklyn jury found a court officer guilty of accepting bribes to steer cases to Brooklyn Matrimonial Justice Gerald P. Garson's docket, but acquitted the other defendant in the case.
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