| ONLY TWO WEEKS LEFT TO GET THE PRE-PRINT PRICING! ORDER NOW! Dear AIR Member: In an effort to continue delivering meaningful products and services to our members, the AIR will soon release the much anticipated AIR Commercial Real Estate Forms User’s Manual. This manual was co-written by Rick Riemer, the AIR’s forms attorney and the person most responsible for writing, revising and modifying the AIR forms during the past 15 years, and John Pagliassotti, who sits on the forms committee with Mr. Riemer and has been in the commercial real estate industry for 25 years as a broker, asset manager and owner. The User’s Manual was created as a reference tool to help our forms users interpret and understand the forms. Every real estate professional who uses the AIR forms is going to want this book on their desk. Think of this manual as the print version of the Contract Forms Review seminar. The manual, however, goes into much more detail than does the seminar. The manual includes all of the leases and related addenda and every paragraph in each of the forms is broken down and explained in layman’s terms complete with highlights, notes and practice tips for landlords, tenants, brokers, property managers and attorneys. The manual will help you provide your clients with a much higher level of service when it comes to using and interpreting the AIR forms. Take a look at the example in the enclosed flyer (below and attached). Were you aware that there is actually a strategy to filling in the Agreed Use portion of the lease? I can assure you, your clients will find this information to be critical. Once you have a copy of the AIR Commercial Real Estate Forms User’s Manual in your library you will be equipped to answer your clients’ questions about the AIR forms with confidence and give them excellent advice by utilizing the information provided in the manual. The manual also contains a Glossary of Defined terms. All of the defined terms from the leases and addenda are listed in the glossary along with their definitions and the paragraph where they first appear in the forms. For instance, when you find the word “Option” in the lease, you will no longer have to search through the lease to find its definition…all you’ll have to do is turn to the glossary. The manual will go to print on April 7th and be ready for shipping on April 22nd. We are currently taking “pre-print” orders at a discounted rate. If you order now you can enjoy the “pre-print” price of only $99 ($119 for non-members). Once the manual is printed, the cost for members will be $139 ($149 for non-members). Either way, it is a low price to pay for what may be the greatest resource in your professional library. To order your copy of the AIR Commercial Real Estate Forms User’s Manual, please click on the following link Forms Manual Order Form and fax your order to (213) 687-8616 or email to airformsmanual@airea.com. Thank you, Tim Hayes Executive Director |
Coming in Spring 2009 “AIR Commercial Real Estate Forms: A User’s Manual Volume I - Lease Forms and Addenda©” A Step by Step Guide to Understanding and Using the AIR Lease Forms and Addenda, Complete with Extensive “Practice Tips”, “Notes” and “Highlights” for Each Paragraph of Every AIR Lease Form and Addenda. · Written by those who write, review, update and provide training for all the AIR Forms. · Each and Every paragraph from all 8 lease forms, 3 sublease forms and 15 lease addenda is broken down with either: “Notes” explaining the concepts of the more complex paragraphs; “Highlights” summarizing the lengthier paragraphs or “Practice Tips” providing helpful and practical tips for landlords, tenants and brokers. · Providing both a legal and transactional perspective. · A critical tool and resource for all commercial real estate professionals. · If you use the AIR Forms or represent clients who do, this manual is a must. Order now and save! Member Pre-Publication Price $99.00* (regularly$139.00) Non Member Pre-Publication Price $119.00* (regularly $149.00) Pre-Publication Price is effective now until April 7, 2009. Plus applicable sales tax and shipping & handling. Fax Order to (213) 687-8616 or email to airformsmanual@airea.com Sample (taken from AIR’s Standard Industrial/Commercial Single Tenant Lease-Net): 1.7 Agreed Use: <Agreed Use > (See also Paragraph 6) Notes: The purpose for which the Lessee intends to use the Premises is filled in here. The descriptions can vary from very generic, (i.e. general warehouse) to extremely specific (e.g. the warehousing, repair, assembly and distribution of automotive parts). The Lessor is NOT warranting that the Agreed Use is, in fact, a use for which the Premises can be legally used. The Lessor is only saying that such a use, if otherwise legal, is okay with him. A potential Lessee retains the responsibility of determining whether or not its intended use is legal. See also Paragraph 2.3. Practice Tips: These descriptions can have an impact on the Lessee’s ability to sublet the Premises. In the event a description is very specific, the Lessor can make the argument that only a subtenant with the same exact use will be approved for a sublease, despite the provisions of Paragraph 6. Typically Lessees attempt to be as generic as possible and Lessors as specific as possible. That being said, in the event that there is a unique feature to the Lessee’s use, then it should be included as a part of the description. A PRER LLC., publication, published with the approval of the AIR Commercial Real Estate Association. |