Environmental Issues in Commercial Leases - Lorman teleconference

Environmental issues impact myriad provisions in a commercial lease and can have not only a material legal effect, but a material economic effect on the rights, duties and risk allocation between the landlord and the tenant. From pre-delivery site and building assessment to operational risks, insurance and indemnification obligations to premises surrender, restoration and abatement, the proper treatment of environmental issues - whether in a ground, industrial, office or retail lease - can make or break the transaction. 

Whether you are a landlord, tenant, property manager, attorney, environmental consultant, contractor or other participant in the commercial leasing or environmental fields, this frank and practical teleconference will help you identify the hidden pitfalls in the treatment of environmental issues in commercial leases to help you avoid toxic problems in your next commercial lease transaction.

Agenda

Environmental Law Statutory Framework 
1. Federal Law 
   1. CERCLA, SARA - Owners and Operator Liability  RCRA - Part of Tenant Compliance Requirements 
   State Law 
   2. Statutory and Common Law  Disclosure Obligations  Postings and Warnings 
Recent Industry Practices 
2. ASTM and All-Appropriate Inquiry  Mold Inspections  Indoor Air Quality - Vapor Intrusion and Sick Building Syndrome  Green Leases - Compliance With LEED® Rating Systems 
Commercial Lease Types - Differing Treatment of Environmental Issues 
3. Ground Leases  Industrial Leases  Office Leases  Retail Leases  Single Tenant Properties vs. Multitenant Properties  Specialty User Issues 
Market Dynamics - Impact on Lease Negotiations  Pre-Lease Diligence 
4. Landlord Diligence 
   1. Tenant Financial Strength Analysis  Tenant Use Concerns  Tenant Operating History 
   Tenant Diligence 
   2. Phase I Site Assessment - Property Type  Phase II Site Assessment - Property Type  Indoor Air Sampling  Asbestos Survey  Mold Inspection  Consultant Retention  Landlord Concerns Regarding Tenant Inspections and Testing 
Lease Provisions 
5. Representations and Warranties Regarding Environmental 
   1. Landlord Reps and Warranties Regarding Environmental Conditions  Tenant Reps and Warranties Regarding Operations as to Environmental Use 
   Building and Tenant Improvement Construction Issues 
   2. Landlord Pre-Delivery Obligations Regarding Environmental Condition  Delivery Condition Requirements as to Environmental Condition  a. Condition of Premises  b. AS-IS Provisions  Tenant Construction Issues Regarding Pre-Existing Environmental Conditions 
   Compliance With Laws Provisions  General Maintenance and Repair 
   3. Impact of Environmental Conditions on Tenant Repair Obligations  Impact of Tenant's Environmental Use on Landlord Repair Obligations 
   Specific Landlord and Tenant Environmental Provisions 
   4. Hazardous Materials Questionnaire  Inspection and Testing Rights  Indemnification Provisions  a. Landlord Indemnification of Tenant - Pre-Existing Conditions, Landlord Acts, Migration  b. Tenant Indemnification of Landlord - Tenant Acts  Backup Generator Use  Underground and Aboveground Storage Tanks 
   Environmental Insurance 
   5. Landlord Insurance  Tenant Insurance 
   Surrender and Restoration 
   6. Standard for Surrender - Remediation, Abatement  Holdover 
   Assignment and Subletting 
Horror Stories 
6. Brown v. Green (California Environmental Liability Case)  Health Club Underground Tank Groundwater Cleanup - Air Quality Issues  Asbestos Remediation Impacts on Tenant Improvement Construction Timing and Costs  Mold Issues in Health Clubs  Methane Barriers and Environmental Remediation in Oil Well Field Redevelopment 
Question and Answer Period