Perspective
Oct. 2, 2013
Come out a winner when leaseholds are condemned
Freeway expansion, subway development and the bullet train all guarantee one thing: more government takings of private property. By Steven Wall, Antony Nash and Arthur Yu
Freeway expansion, subway development and the bullet train all guarantee one thing: more government takings of private property. But once a taking occurs, it may be far too late to make your leasehold client a winner. When entering into a commercial lease, most clients (and their attorneys) pay little attention to the boilerplate provision buried at the end of the agreement known as the condemnation clause. After all, wha...
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