Some of the most important, but often underappreciated, elements of a commercial real estate lease are the insurance provisions. Attorneys may spend hours negotiating and drafting expense clauses, use provisions and offset rights, but often ignore the insurance provisions as mere “boilerplate.”
<b><i>In the Spotlight:</i></b>Three Insurance Provisions That Should Not Be Overlooked
Attorneys may spend hours negotiating and drafting expense clauses, use provisions and offset rights, but often ignore the insurance provisions as mere "boilerplate." However, although claims on insurance sections are rarely implemented, the reality is that a poorly drafted insurance section can have severe detrimental effects and significant cost implications for a client.
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Christina L. OlsonThis premium content is locked for LawJournalNewsletters subscribers only
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