CLM e-Learning OM: Leases

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Are you falling asleep reading while studying for the Certified Legal Manager (CLM)® exam? Turn to the CLM e-learning supplement for an interactive way to study!

We surveyed CLMs to find the most challenging topics in each of the subject areas: Finance, Human Resources, Legal Industry/Business Management and Operations. Each component of the e-learning supplement focuses on the topic(s) your peers could have used more assistance with. 

For Operations, the most requested topic is understanding and applying office leasing concepts. Here you will find five interactive, online activities: 

  • Lease vocabulary memorization flashcards
  • Read and interpret two sample leases
  • Read and interpret sample blueprints, including calculating usable, non-usable, rentable and gross areas
  • Brainstorm your own ideal lease
  • Choose the best lease for an imagined firm in an extended scenario 

This material is a supplement to the Study Guide for the CLM Exam, available in ALA's bookstore. For the best experience, first read the material in the Operations Management section of the Study Guide. Then, come here to practice using the information.

$109 for members and $139 for nonmembers

Learning Objectives

  1. People studying for the CLM exam will recall vocabulary terms related to leasing when presented with their definition. 
  2. Learners will interpret, understand and compare full leases and blueprints.
  3. Learners will apply their knowledge to perform a leasing needs analysis for a firm.

Successful completion of this course provides 2 hours of credit for the CLM. It can be applied in any of the following ways:

2-hour CLM application credit in Organizational Development
2-hour CLM application credit for functional specialists in OM
2-hour CLM recertification credit for OM

Frank A. Macharoni Jr., CLM

Pickrel Schaeffer & Ebeling Co., LPA

Macharoni, a Certified Legal Administrator (CLM) for over 15 years, has been a member of the Association of Legal Administrators (ALA) for almost 25 years while working at three different law firms in the Dayton Ohio area.  He is currently the Legal Administrator at Pickrel Schaeffer & Ebeling Co., LPA.  Active in ALA matters, Frank spent six years as a member of the CLM Certification Committee, helping to write some of the questions that appear on the CLM examination.  Macharoni is currently the Treasurer of the Dayton ALA chapter.

Key:

Complete
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Available
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Lease Vocabulary Flashcards
Select the "Access" button to begin.
Select the "Access" button to begin. Use these flashcards to learn, practice and review lease vocabulary.
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Understanding Elements of Leases
Sample Lease 1
Open to download resource.
Open to download resource. Review this sample lease. Look for the financial requirements: the type of lease, the amount of the security deposit, a tenant allowance, and the lease and rent commencement dates. Also look at the available options: a restoration clause, a work letter, an expansion option, the right of first refusal, the renewal options and a covenant of quiet enjoyment.
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Quiz on Sample Lease 1
11 Questions  |  Unlimited attempts  |  9/11 points to pass
11 Questions  |  Unlimited attempts  |  9/11 points to pass Open Sample Lease 1 and answer these questions about the elements of the lease.
You must register to access.
Sample Lease 2
Open to download resource.
Open to download resource. Review this sample lease. Look for the financial requirements: the type of lease, the amount of the security deposit, a tenant allowance, and the lease and rent commencement dates. Also look at the available options: a restoration clause, a work letter, an expansion option, the right of first refusal, the renewal options and a covenant of quiet enjoyment.
You must register to access.
Quiz on Sample Lease 2
11 Questions  |  Unlimited attempts  |  9/11 points to pass
11 Questions  |  Unlimited attempts  |  9/11 points to pass Open Sample Lease 2 and answer these questions about the elements of the lease.
You must register to access.
Understanding Elements of Blueprints
Interpreting Blueprints
Select the "Access" button to begin.
Select the "Access" button to begin. Practice identifying and calculating the various areas represented on an office blueprint: gross, non-usable, usable and rentable areas as well as loss and load factors.
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Create Your Ideal Lease
Create Your Ideal Lease
13 Questions
13 Questions Put it all together! Having studied the characteristics of leases, design your ideal lease in this survey. Assume current or ideal market conditions.
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If the Lease Fits, Rent It!
Scenario
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Select the "Access" button to begin. Determine the best lease for a client in this scenario.
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Credit
Credit
2.00 CLM credit units credits  |  Certificate available
2.00 CLM credit units credits  |  Certificate available
You must register to access.