At its most basic level, a lease allows a tenant to occupy space in exchange for paying the landlord rent. In the commercial context, leases cover this and much, much more. Commercial leases are often lengthy, complex legal documents that govern issues impacting a tenant's bottom line, such as rent structure, buildout obligations, use limitations, insurance requirements, and maintenance and repair of the leased space. Therefore, it is critical for a commercial tenant to understand what its lease says and how that lease impacts the tenant's day-to-day operations. This presentation will walk through the structure of a typical commercial lease, drilling down on topics that are of the most significance to commercial tenants. Guest Facilitator: Annie G. McBride Stone Pigman Walther Wittmann, L.L.C.