Replacement Reserve (Commercial Real Estate Loan Agreement) | Practical Law

Replacement Reserve (Commercial Real Estate Loan Agreement) | Practical Law

A set of Standard Clauses used in commercial real estate loan agreements and security agreements to establish a reserve account for paying capital expenses for needed repairs, replacements, and upgrades to major property systems and structural features. These Standard Clauses describe funding and disbursement protocols for replacement reserves and contain integrated notes with important explanations and drafting and negotiating tips for all loan parties.

Replacement Reserve (Commercial Real Estate Loan Agreement)

Practical Law Standard Clauses w-020-4046 (Approx. 11 pages)

Replacement Reserve (Commercial Real Estate Loan Agreement)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A set of Standard Clauses used in commercial real estate loan agreements and security agreements to establish a reserve account for paying capital expenses for needed repairs, replacements, and upgrades to major property systems and structural features. These Standard Clauses describe funding and disbursement protocols for replacement reserves and contain integrated notes with important explanations and drafting and negotiating tips for all loan parties.