11 Feb 2025
Security for Your Commercial Real Estate Transaction
Standby letters of credit are often used to provide security in commercial leases, secure construction requirements, or secure obligations assigned in commercial purchase and sales. They differ from commercial letters of credit because funds are drawn only in default situations. Check out this practice note for more information on standby letters of credit.
Related Content
- Commercial Real Estate Acquisition Loan Resource Kit
Dive into this resource kit for guidance on financing commercial real estate, including the workflow of most acquisition financing transactions.
- Purchasing and Selling Commercial Real Estate Resource Kit
Use this resource kit for an overview on purchasing and selling commercial real estate and for helpful links to practice notes, templates, and clauses.
- Office Leasing Resource Kit
Refer to this resource kit for information on the office leasing process and links to practice notes, templates, checklists, and clauses related to office leasing.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- New! Discover Practical Guidance Content and Resources
Review this link for recent updates and this link for the newest additions to Practical Guidance. This guide is designed to help you find the tools and insights you need to work more efficiently and effectively. - Trump Transition Coverage in Practical Guidance
The Trump Transition Resource Kit is a consolidated listing of guidance related to new actions and orders, and the Presidential Executive Actions Tracker is a frequently updated listing and description of many of the recently implemented presidential orders and rescissions of previous administration orders. - Stay informed on energy and climate change policies and regulations promulgated by the Biden Administration with Practical Guidance’s Energy and Climate Change Policies and Regulations Tracker.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- For Practical Guidance content on important recent trends, review easy-to-use Resource Kits on these emerging topics:
- The Practical Guidance Journal 2025 Edition One features guidance on what attorneys need to know about deepfake technology, a look ahead at AI risk management, an artificial intelligence checklist, and a review of cautions and key AI legal issues in DEI and employment discrimination.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
- Browse the Practical Guidance Author Center to see the 2000+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+