AIR Makes Updates to Legal Forms

03.22.2013

The AIR publishes some of the most commonly used commercial real estate documents in the Western United States.

Recently, they revised documents to address new disclosure requirements for commercial property leasing and sales.

The Property Information Sheet was revised as follows:
Energy Efficiency. The Property () has () has not been granted an energy efficiency rating or certification such as one from
the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) or () Seller/Lessor does not know if the
Property has been granted such a rating or certificate. If such a rating or certification has been obtained please describe the rating
or certification and provide the name of the organization that granted it: _______________________________________________
_______________________________________________________________________________________________________

www.airea.com/DOWNLOAD/PDF/FORMS ... 013%29.pdf


The Standard Office Lease was revised as follows:
Accessibility; Americans with Disabilities Act.
(a) The Premises: () have not undergone an inspection by a Certified Access Specialist (CASp). () have undergone an
inspection by a Certified Access Specialist (CASp) and it was determined that the Premises met all applicable construction-related
accessibility standards pursuant to California Civil Code §55.51 et seq. () have undergone an inspection by a Certified Access Specialist
(CASp) and it was determined that the Premises did not meet all applicable construction-related accessibility standards pursuant to California
Civil Code §55.51 et seq.

www.airea.com/DOWNLOAD/PDF/FORMS ... 013%29.pdf

 If you utilize a non-AIR lease at your properties, you may wish to review these changes with your attorney.

DISCLAIMER: This Article is designed to be of general interest. The specific information discussed may not apply to you. Before acting on any matter contained herein, you should consult with your personal legal adviser.