How To Avoid Errors And Maximize Benefits In Rooftop Leases
Law360 (August 7, 2018, 11:53 AM EDT) -- What used to be forgotten, unused space is now becoming one of the most innovative areas in real estate development. From cellular installations to bars, gardens and even microfarm beekeeping, rooftops are being transformed to accommodate many uses; however, this newfound versatility brings unique obstacles and unexpected consequences for building owners.
Rooftop leases bring obvious benefits to a property. They provide additional rental income, add to the building’s amenities, and increase the building’s value. With those benefits, however, come detriments. Rooftop installations can interfere with maintenance and repair of the roof and, even worse, contribute to structural issues relating to the...
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