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Special Drafting Issues When Leasing a Commercial Condominium

By Nancy C. Lenvin

Owners of commercial condominium units and their tenants-when the commercial unit is located in the project that also contains residential condominium units-have a significantly more complicated relationship than do their counterparts in buildings when the landlord owns the entire structure. Standard form commercial leases often do not contain provisions that address the unique relationship between owners and owners’ associations and the effect of that relationship on tenancies.