You're Special and They're Special - Specialty Leasing Issues
Apr 14, 2015 | Article
Written by Deborah Watkins
(ICSC Canadian Law Conference 2015)
Leasing premises to a special use tenant has its advantages; as a tenant invests in fitting up its premises to meet the specific needs of its proposed use, so grows the tenant's desire to maintain a lengthy tenancy (or at least a tenancy long enough to make the initial investment feel worth it). Specialty uses can also draw customers to a development, thereby increasing foot traffic in the shopping shopping centre and benefiting the other occupants of the shopping centre.
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