Steven Kaye quoted in Medical Office Today

AGG Partner Steven A. Kaye is quoted in an article titled “Dissecting the Lease” in Medical Office Today. According to the article, “A lease restoration clause is a legal description in a contract stating an obligation to restore or not restore a property to its original condition.” Restoration clauses built into commercial leases are extremely important, and medical practices should particularly pay attention to them because typically, improvements made to medical practice space are more extensive than those made to standard office spaces, which means removing those improvements can pose a large liability. Mr. Kaye warns that failure to pay special attention to restoration clauses in a lease can prove to be very expensive.