Preparing for the Looming Changes in Lease Accounting
NRTA member and vice president of CoStar Real Estate, Jim Dooley, has co-authored a professional article that has appeared in the January 2015 CPA Journal.
The article discusses the looming changes expected by many retailers as a result of the FASB ruling, and presents a technological solution for the informational problem. read more
Real Estate Management Education Resource Celebrates 20th Anniversary
Twenty years have passed since the first NRTA conference took place in Boston, with 200 real estate professionals in attendance. In that time we've attracted an incredible pool of talented and dedicated professionals who currently represent 307 retail and commercial companies, and 586 individual lease administration and real estate specialists.
The annual conference has become a beacon for professional real estate management development and lease administration best practices, with several hundred participants attending this annual education experience every year.
Court rejects a co-tenancy remedy as an Unenforceable Penalty
A California Court of Appeal issued an opinion Grand Prospect that is causing consternation in the retail world and will likely cause many retailers to reexamine the wisdom of over aggressive co-tenancy and exclusive use right remedies. NRTA member and conference presenter Andy Jacobson, Esq., offers a summary of this important ruling. read more
Expanding Knowledge 2015: Educating To Improve Profitability
When: September 27-30, 2015
Where: Orlando World Center Marriott
Retailers and commercial tenants from across the country are making plans to send their lease administration teams to NRTA's 2015 Annual Conference. This year's theme, Educating to Improve Profitability, is expected to draw nearly 500 real estate lease professionals who want to improve their efficiency within the areas of lease management, and maximize their cost recovery skills.
The conference curriculum will include 52 courses and 14 small group discussion sessions over the three-day learning event. Presentations feature leading experts in real estate legal, occupancy cost, lease administration, professional development, office tenant practices, and real estate management. read more
Estoppel Certificates: A Review Checklist from a Tenant's Perspective
by Andrew N. Jacobson, Esq.; Maslon, Edelman, Borman & Brand, LLP
Estoppel certificates are one of the more common (and often mundane) documents that must be dealt with by landlords and tenants. Typically, the purpose of the estoppel certificate is to establish a factual snapshot in time of the status of a lease, as part of the due diligence process conducted by investors, purchasers, and lenders of commercial property. Most commercial leases will include express requirements for the tenant to execute estoppel certificates upon request, although the specificity of such provisions can vary dramatically from lease to lease. Below are the basic steps to consider when reviewing estoppel certificates from a tenant’s perspective. read more