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Negotiating Lease Permitted Use Clauses

Negotiating Lease Permitted Use Clauses

In a retail commercial lease, an often overlooked part of negotiating the retail lease terms is the Permitted Use clause. What are some elements of a Permitted Use Clause? Exclusive Permitted Use Keeping competitive businesses out of the retail center that you are in is important, so you want to have specific and hopefully, exclusive use rights for the shopping center. What this means is you want to negotiate as specific of an exclusive use clause as you can … Read entire article »

Filed under: Commercial Leasing