Glenn Becker Published in Commercial Leasing Law & Strategy

“Measure the Premises Twice: Cut the Deal Once”

Glenn Becker’s article, “Measure the Premises Twice: Cut the Deal Once,” was published in the February 2008 issue of Commercial Leasing Law & Strategy.

In his article, Glenn notes that “landlords should accurately measure their premises early on” in the negotiation process “and should not rely on old measurements or drawings.” He states, “Measuring the premises in advance of the letter of intent can help to avoid backtracking on points and re-negotiating the business deal during the lease negotiation process.” Glenn further notes that “[b]oth the letter of intent and the lease itself should reserve the landlord’s right to re-measure the premises. Otherwise, the landlord may be stuck with an inaccurate and artificially low measurement” resulting in lost revenue.