Glenn D. Wright, Eq. is scheduled to be a panelist on a webinar entitled “Pop-Up” Leasing: Practical Considerations, Key Provisions for Landlords and Tenants” on Tuesday, February 5, 1:00 pm-2:30 pm EST. It is a product of Strafford Continuing Education Webinars. A brief discussion of the material covered is below.
Glenn Wright will be speaking in an upcoming Strafford live webinar, “Pop-Up” Leasing: Practical Considerations, Key Provisions for Landlords and Tenants” scheduled for Tuesday, February 5, 1:00 pm-2:30 0 pmT.
In recent years, the retail landscape has evolved with the rise of pop-up shops, which occupy retail space for short periods, anywhere from a few hours to a few months. Sophisticated real estate counsel must be familiar with more than standard commercial leases.
The flexibility of a short-term lease agreement can hold considerable advantages over traditional leases. From a business perspective, pop-ups have compelling propositions for landlords and tenants. Even tenants and landlords accustomed to using conventional approaches to leasing can benefit from the new market dynamics and opportunities these innovative deals present. But critical to the success of these arrangements is a clear understanding of how they differ from traditional retail leases and the impact of those differences.
Given the short-term nature of the arrangement, pop-up leases will often be a license rather than a lease. Because the license merely grants a privilege of use rather than creating an estate in the property, the rights and duties between the respective parties shift. A reallocation of the associated risks follows.
Our panel will explore the unique issues facing lands and tenants entering “pop-ups” rather than traditional longer-term leases for retail space. Our panel will advise on how best to draft standard lease provisions such as delivery, insuance, and maintenance and provide guidance on addressing the risks associated with such short-term arrangements.
We will review these and other critical issues:
- What are the practical benefits of entering into pop-up leases?
- What are the risks associated with such short-term arrangements?
- What are solutions to conflicts with REAs, covenants, and existing leases?
- What are the roles of social media and omnichannel retailing?
- What rights does a company receive as a licensee vs. as a lessee?
- Is the tenant’s liability different under than lcense than it would be under a lease?
After our presentation, we will engage in a live question and answer session with participants to address their questions directly.
For more information or to register > click here
After our presentations, we will engage in a live question-and-answer session with paquestionsto answer your questions about these important issues directly.