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Risk allocation issues in commercial leases – updated
Corporate Real Estate Journal,
6
(2),
145-161
(2016)
Abstract
This paper continues an exploration into recent changes in casualty and insurance issues that the author first examined in a paper published in this journal in 2011 entitled ‘Risk allocation issues in commercial leases’ (JCRE, Vol. 1 No. 2, pp. 148–55 [2011]). Since then, the industry has made significant changes to the types and extent of coverage and the federal backstop (TRIA and its successors) has been extended and expanded until 2020.
Keywords: Terrorism Risk Insurance Program Reauthorization Act of 2015; Insurance Service Organization Commercial forms; insurance; green leases
The full article is available to subscribers to the journal.
Author's Biography
Alan Di Sciullo is Director of Global Real Estate for Shearman & Sterling LLP. He was a member of President Reagan’s Private Sector Survey on Cost Control (the Grace Committee) and was elected a fellow of the American College of Real Estates Lawyers (ACREL) in 2003. He recently co-chaired the American Bar Association’s (ABA) RPTE’s Committee on Groups and Substantive Committees and is a member of that section’s Council and Planning committee. He served as President of the New York chapter of the International Association of Corporate Real Estate Executives (NACORE), was a director on that organisation’s international board of directors and was president-elect of its educational affiliate, the Institute of Corporate Real Estate. He also served as an advisory member on the New York chapter of CoreNet Global. He chaired the West Windsor Planning Board between 1993 and 1997 and received numerous leadership and planning awards in that position. He served as a director on the New Jersey Planning Officials board from 1996 to 2014. Alan is a co-author of a 2,200-page treatise Negotiating and Drafting Office Leases (Law Journal Seminars-Press 1995), which is in its 41st supplement. He has been a frequent author and speaker on commercial real estate issues. Since 1991, he has taught at New York University’s Schack Masters in Real Estate programme and is presently a professor at that institution. He has received NYU’s Outstanding Teaching and Services awards. He has also served on CoreNet Global’s MCR programme faculty and has received several Outstanding Faculty awards from that institute. He has an undergraduate degree in Government and Economics (cum laude) from Georgetown University and his JD from the Georgetown University Law Center in law. He also received an MBA in finance from New York University. He has been listed as a Super Lawyer and in Who’s Who in America and the World and in companion publications for American Lawyers, Finance and Emerging Leaders.
