When Signing a Ground Lease, the Fine Print Matters More Than You Think

Hodgson Russ partners Carmine Castellano and Richard Slavin authored an article for Crain’s New York examining appraisal provisions in ground leases and the risks they can create over the life of a long‑term deal. The article explores how commonly used valuation language can lead to disputes, analyzes recent New York case law affecting appraisal clauses, and considers the implications for owners, developers, and lenders. It also outlines practical considerations for negotiating and managing appraisal provisions to help reduce uncertainty and litigation risk.

Read the article here.