Commercial Lease Transactions 2: Rights and Remedies

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  • Level: Advanced
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Course overview
4 LREC Elective CE Credit Hours. The sequel to Commercial Lease Transactions 1. Covers tenant and landlord rights in depth, remedies for breach, lease default and termination procedures, security deposits, assignments, subleases, and practical negotiation strategies. Written by Everett R. Fineran, Esq.
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What's included?

  • 7 Chapters
  • 1 Certification
  • 340 Questions
  • 25 Video
  • 32 PDF

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4 LREC Elective CE Hours · Louisiana

Commercial Lease Transactions 2: Rights and Remedies

The second half of the lease: assignment and subletting, renewal and expansion rights, default and remedies, and the commission rules that decide whether you get paid. Written by a Louisiana attorney who also carries a broker's license.

Enroll · $79 See the curriculum

LREC-approved · Counts toward your annual elective requirement · Certificate issued on completion

Real expertise. No filler.

The first course taught you to read and negotiate a commercial lease. This one is about everything that happens after the ink dries, when your client wants out, wants more space, wants to renew, or when the other side stops performing. That is where the real money and the real exposure live, and it is exactly the part the standard curriculum skips. A renewal option priced the wrong way can cost a tenant six figures. A default notice sent the wrong way can cost a landlord the remedy entirely. The agents who understand the back half of the lease are the ones who keep clients and earn the commission on the next deal too.

— Everett R. Fineran, Esq., Author

What you'll actually walk away with

Skills you can use on your next deal

Not "you will gain awareness of." Concrete tools for the moments when a lease has to flex, bend, or be enforced.

1

Get your client out of a lease the right way

Assignment, sublet, or termination: which one actually fits, what a landlord evaluates before consenting, and how to build the assignment-request package that gets a yes instead of silence.

2

Price a renewal option so it's worth having

Fair-market-value vs. fixed vs. CPI rent, appraisal vs. baseball arbitration when the parties cannot agree, and the five quiet ways tenants forfeit a renewal right they thought they had.

3

Win expansion, extension and purchase rights

ROFO vs. ROFR on additional space and on the building itself, how to set the option price, and the Louisiana recording step that makes a purchase option actually stick.

4

Work a default without blowing the remedy

The two types of default, the notice-and-cure clock, what a landlord can and cannot do on acceleration, and the remedies a tenant holds when it is the landlord who breaches.

5

Get paid, and stay on the right side of the rules

How commercial commissions are really calculated, how co-brokerage splits flow, what a tenant-representation agreement protects, what the 2024 NAR settlement changes, and how renewal commissions and LREC reporting work.

6

Run a full transaction from RFP to signed LOI

A single deal carried end to end: request for proposal, landlord response, gap analysis, and the final letter of intent, so the pieces connect instead of floating as separate rules.

Curriculum

Six lessons. No padding.

Every lesson opens with a short "Listen first" audio, then a tight ebook walkthrough, an interactive where useful, and a knowledge check.

1Assignment, Subletting & Exit StrategyGetting out: assignment vs. sublet vs. termination
  • Why every tenant needs an exit strategy
  • Landlord consent: what landlords actually evaluate
  • Permitted assignments: when consent isn't required
  • Profit-sharing and recapture rights
2Renewal RightsKeeping the space, on the right terms
  • Why renewal rights matter
  • Three methods for setting renewal rent (FMV, fixed, CPI)
  • Dispute resolution when FMV cannot be agreed
  • Five ways tenants lose renewal rights
  • Negotiating renewal rights in the LOI
3Expansion, Extension & Exit RightsMore space, more time, and the option to buy
  • Purchase rights: an overview
  • The purchase option: how it works
  • ROFO and ROFR to purchase the building
  • Setting the price and negotiating the terms
  • Louisiana's recording requirement
4Defaults & RemediesWhen the other side stops performing
  • The two types of default
  • Notice and cure: the process
  • Landlord remedies
  • Tenant remedies for landlord default
5Compliance & CommissionsGetting paid, correctly and ethically
  • How commercial lease commissions are calculated
  • Co-brokerage: how the commission flows
  • Tenant-representation agreements
  • The 2024 NAR settlement: what it means for commercial
  • Commission timing and renewal commissions
6Capstone: A Complete Commercial Lease TransactionOne deal, start to finish
  • The deal: parties, property, and pressure
  • Step 1: the RFP submitted
  • Step 2: landlord responds; gap analysis
  • Step 3: agreed terms and the final LOI
  • Course wrap-up: eight competencies
Why this course costs what it costs

Specialist training, priced like specialist training

The mandatory-hour courses keep you compliant. This one makes you better at the deal.

Authored by an attorney-broker

Not a CE shop that licensed somebody else's slides. Every lesson, audio, and interactive was drafted by Everett R. Fineran, Esq., a Louisiana attorney who is also a licensed broker.

Built for working agents

Plain language. Real clauses. Specific numbers. Each lesson opens with a short audio so you can listen between showings, then study the page when you are back at the desk.

Counts as elective CE

4 LREC-approved elective hours toward your annual Louisiana real estate license renewal. Certificate is generated automatically when you finish.

About the instructor

Everett R. Fineran, Esq.

Everett is a Louisiana attorney and a licensed Louisiana real estate broker. He spent years as Associate General Counsel and a Vice President at PoolCorp (NASDAQ: POOL), the world's largest wholesale distributor of pool supplies, where commercial leases were not theory. They were the operating substrate of a national distribution business.

He founded Fineran CE to teach Louisiana agents the parts of the work that the standard residential curriculum does not reach: commercial leases, complex transactions, and the Louisiana-specific rules that make this state different.

Louisiana AttorneyLicensed LA BrokerCDEI CertifiedLREC-Approved Provider
Save with the bundle

Want to knock out all 8 elective hours at once?

Commercial Lease 1 + Commercial Lease 2: Rights & Remedies. Two full courses, 8 LREC elective hours total. Course 1 teaches you to read and negotiate the lease; this course covers what happens when the lease has to flex or be enforced: assignment and renewal, expansion and exit, default and remedies, and the commission rules that decide whether you get paid.

$158
$129
SAVE $29
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FAQ

Questions worth answering

Does this count toward my Louisiana CE requirement?

Yes. The course is approved by the Louisiana Real Estate Commission (LREC) for 4 elective continuing education hours. Your certificate is issued automatically when you finish the final exam and is also reported to the LREC.

Do I need to take Course 1 first?

No. Course 2 stands on its own and reintroduces the few terms it relies on. That said, the two are designed as a pair, and the bundle gives you all 8 elective hours for $129.

How long do I have to complete it?

180 days of access from enrollment. It is self-paced, so you can finish in an afternoon or spread it across a few sittings.

Is this for tenant reps or for listing brokers?

Both. The course works each issue from both sides of the table: what the tenant wants, what the landlord will give, and where the deal actually lands.

Does the course cover how to price a renewal option?

Yes, in depth. Lesson 2 works through all three ways renewal rent gets set: fair market value, a fixed bump, and a CPI formula. Each one behaves differently, and which one your client holds matters. For example, a fair-market-value renewal with no ceiling can hand the tenant a steep increase if the market has run up, while a fixed 3% step looks more expensive on paper but caps the downside in a hot market. The course shows you how to tell which one is in the lease and how to negotiate it.

Does the course cover ROFO and ROFR rights?

Yes, on both extra space and the building itself. Lesson 3 separates a right of first offer (the landlord must bring it to your client first) from a right of first refusal (your client can match a deal the landlord already struck). They behave very differently in practice. For example, a right of first refusal can actually make space harder for the landlord to lease, because an outside party knows it can be matched and walks away, so sometimes a right of first offer serves your client better. The course shows when to push for each.

Does the course cover the 2024 NAR settlement?

Yes. Lesson 5 covers the settlement and walks through whether and how it affects commercial practice.

Does Louisiana law treat these rights differently?

In places, yes, including a specific recording requirement for purchase options that agents in common-law states never have to think about. The course flags each spot where Louisiana materially diverges.

Is there a refund policy?

A full refund is available within seven (7) calendar days of enrollment, as long as you have completed less than 25% of the course and have not yet passed the final exam. Email info@fineran-ce.com with your name, LREC license number, and course title; approved refunds return to your original payment method within five business days. Technical issues that prevent completion are handled case by case, outside the 7-day and 25% limits. Full details are on our Provider Policies page.

Can my brokerage buy seats for a team?

Yes. Reach out and we'll set up seats for your office.

Learn the half of the lease that decides who gets paid.

Renewals, exits, defaults, commissions: the deals other agents hand off because they are not sure how the rights actually work. Be the one who is.

Enroll · $79

Or bundle both courses for $129 · save $29