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Lease Alteration Provisions – Considering potential pitfalls for a Commercial Tenant and ensuring balanced provisions

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A catch phrase in the commercial real estate legal world provides that generally the party who controls (i.e., prepares the initial draft of) the governing document (e.g., lease, contract, etc.) has to 90% ‘won the battle’. This alludes to the fact that the document is principally drafted in favor, and to the benefit, of such drafting party, while the other party, if so inclined to spend time…

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