COURSE DESCRIPTION
Master the complex calculations and legal considerations that govern percentage rent arrangements where tenant success directly impacts landlord returns in retail and commercial leasing. This specialized program addresses the unique challenges of structuring, negotiating, and administering percentage rent leases that align landlord and tenant interests. Learn to balance risk and reward in performance-based leasing arrangements that adapt to changing retail environments.
- Structure percentage rent formulas and breakpoint calculations that fairly reflect tenant performance and landlord investment
- Draft reporting and audit provisions that ensure accurate percentage rent calculation and payment
- Address exclusions, deductions, and gross sales definitions that determine percentage rent obligations
- Navigate tenant assignment and subletting issues affecting percentage rent calculation and collection
Speaker:
Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.