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Master Your Leasing Domain: D's

LeasingReality.com

Horizontales
A document by which real property is pledged to secure a loan and held by a trustee; used in certain states in place of a mortgage
A provision stating that the landlord’s consent shall be deemed to have been granted if, within a pre-determined time period, the landlord fails to respond to a tenant’s consent request relating to a matter in which the tenant must first seek the landlord’s consent
A request for disbursement from a Tenant Improvement (TI) allowance signed by the president, CFO, or controller or other officer of a tenant together with such documentation
Failure to fulfill a legal obligation or condition in a timely manner such as paying rent, performing repairs, or complying with (or being in violation of) any other obligation under the lease
Verticales
The process of verifying facts about the other parties and the subject property in a commercial lease transaction
Reserving the right for a landlord to terminate an existing lease, upon relatively short notice to the tenant (such as 6 to 9 months), so that a demolition of the building, material improvement, or substantial renovation can be undertaken
A lease provision giving a tenant flexibility to grow into a space or downsize by having the ability to sublease or license a portion of its offices or other space without being required to go through the process and cost of obtaining the landlord’s consent, provided that certain conditions were met