Our client has erected a prominent new building with a striking façade with five upper floors and four basement floors, directly facing Munich’s pedestrian zone. The name of the building is reminiscent of the Pschorr beer halls which were once located here. The lower four above-ground floors offer high-quality retail space.
In cooperation with the client, we drew up a sample lease agreement for these retail spaces regulating typical issues such as in particular, the distinction between the improved shell construction and the tenant build-out, as well as clauses stipulating a duty to operate and to keep it open, a common opening date, protection against competition, deliveries, advertising installations, etc.
We then advised and represented the owner in contract negotiations with prospective tenants. Negotiations with the largest commercial tenant were successfully concluded in record time.
Since the opening of the Joseph Pschorr House, we have been advising and representing the owner on typical operational matters, such as the negotiation and conclusion of a lease termination agreement, addenda to the lease agreements, questions regarding the scope of the maintenance obligation, the operating cost accounts and similar matters.