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Mid Atlantic Real Estate Journal Publishes Ira Meislik’s Article on Replacement Leases

Published: June 27, 2009 | E-Mail

The July 10 – August 13, 2009 edition of Mid Atlantic Real Estate Journal features Ira Meislik’s article and warning: “Be Careful When Entering Into a New Lease.” In this thoughful, concise piece in their Shopping Centers section, he warns about the pitfalls of replacing an existing lease with an entirely new, updated version. His primary tip is to produce an Amended and Restated Lease instead and, in doing so, to be sure to address a number of common situations that can be “lost” when replacing seemingly outdated provisions in the old lease. Meislik’s advice, simply put, is “avoid surprises, protect against the consequence of losing the benefit of priorities that arise out of the date of the original lease, such as exclusive use rights, and subordination positions.”

Ira Meislik has written and spoken extensively in the areas of real estate, business entity selection, attorney ethics, limited liability entities, and unincorporated business associations. He is a Fellow of the American College of Real Estate Lawyers. Mr. Meislik is also chairman of the Ground Leasing Committee of the American Bar Association’s Real Property, Probate and Trust Section and is a member of the American, New Jersey, New York, and Essex County Bar Associations, as well as of the International Council of Shopping Centers. He has also been a member of the New Jersey State Bar Association’s Real Property, Trust and Estate Law Section’s Board of Consultors and a is currently a director of its Business Law Section. Mr. Meislik has also chaired the American Bar Association’s Real Property, Probate and Trust Section’s Joint Committee on Limited Liability Companies. He can be reached at .(JavaScript must be enabled to view this e-mail address)or at 973.783.3000.

Meislik & Meislik is a law firm focusing on business and commercial real estate matters. The firm provides their clients with special expertise in the area of Retail Real Estate Law. Located in Montclair, New Jersey, it represents developers, investors, landlords, and single and multiple-location tenants locally as well as nationally and regionally. More about Meislik & Meislik can be found on its website at www.meislik.com.

Mid Atlantic Real Estate Journal is a monthly newspaper that describes itself as “The Most Comprehensive Source For Commercial Real Estate News.” The Journal encompasses all aspects of the commercial real estate industry reaching thousands of decision makers who finance the building, build the building, buy the building, tenant the building, and manage the building.


MEISLIK & MEISLIK
66 Park Street • Montclair, New Jersey 07042
tel: 973-783-3000 • fax: 973-744-5757 • info@meislik.com