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ENCYCLOPEDIA OF GROUND LEASES (VOLUME 1)
The Encyclopedia of Ground Leases, volume 1 of Joshua Stein’s New Guide to Ground Leases, offers a comprehensive discussion of almost 100 topics that arise repeatedly in sophisticated ground lease transactions.
Each discussion focuses on the business agendas of landlord, tenant, lenders to both of them, and, when appropriate, other parties. It offers suggestions for how to resolve issues, and new issues to raise or think about when appropriate. It explains how and why different resolutions of common issues might make sense, and where the pitfalls and problems lie.
The Encyclopedia sometimes cites cases or devotes an entry to a discussion of case law, but it’s not a case law treatise. It includes references to and recommendations for resources of that type.
Here are a few of the many important topics the Encyclopedia covers:
- Rent resets
- Participation rent
- Assurances of completion for development projects
- Financeability of both the leasehold estate and the fee estate
- Rights of first offer and first refusal
- The infamous Qualitech case
- New York transfer taxes on ground leases
- Condemnation and damage
- Relationship among leasehold estate, fee estate, leasehold mortgagees, and fee mortgagees
Click here to see the Summary Table of Contents of the Encyclopedia of Ground Leases.
Click here to see the Detailed Table of Contents of the Encyclopedia of Ground Leases.
Click here to see a sample entry from the Encyclopedia of Ground Leases.
Click here for comments on plain English as implemented in the Encyclopedia of Ground Leases.
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