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New Offering Arms Real Estate Attorneys with Crucial, Up-to-Date Commercial Leasing Data
NEW YORK – As part of its drive to offer data-driven research and insights to legal practitioners, LexisNexis today announced the launch of its Survey of Commercial Lease Terms in Practical Guidance. The Survey provides up-to-date intelligence about the commercial leasing market and gives real estate attorneys a clear view of market standards and trends to aid them in lease negotiations.
“Getting the best terms in a commercial lease negotiation requires an accurate view of current market conditions, but lawyers typically see only a slice of the market based on their own deals or those of their organization,” said Eric Bourget, Senior Director of Practical Guidance. “With the Survey, lawyers now have access to an always up-to-date source of market standards for legal terms.”
The Survey is unique in detailing market standards for over 40 leasing deal points, including notice and cure rights, guaranty structure, tenant options, rent abatement, tenant improvements, holdover, and force majeure. The Survey and an accompanying report also provide insights into the COVID-19 pandemic’s impact on commercial lease negotiations, such as the spike in inclusion of pandemic-related events in force majeure clauses seen in Q3 2020.
Continually refreshed with recently negotiated commercial leases from private sources, the Survey covers office, retail, and industrial leases of properties of all sizes from all regions of the United States. With multiple filters, charts, and concise summaries of deal points and developments, the Survey makes analyzing trends and gauging current market conditions easy.
Lawyers with early access to the Survey have reported they gained deeper insight into rapidly changing market conditions, more precise understanding of recent market disruptions, and a competitive edge in offering practical and effective counsel to their clients.
“Data-driven practical guidance empowers lawyers to work quickly, confidently, and effectively. The private market data and insights contained in the Survey of Commercial Lease Terms provide lawyers with new knowledge and a competitive advantage,” said Daniel Lewis, Vice President of Practical Guidance. “The Survey adds to the exclusive data and insights we already offer customers in other practice areas such as corporate law and M&A. LexisNexis Practical Guidance will continue to offer our customers innovative ways to harness both public and private deal data in negotiation and practice.”
For more information on the Survey of Commercial Lease Terms, please visit: www.lexisnexis.com/CommercialLeasingSurvey.
About LexisNexis Legal & ProfessionalLexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,600 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
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