Written by Joanne Board
Shopping Centre Newsletter, Vol. 23, No. 5
In a lease negotiation, a tenant will often seek to obtain an exclusive use covenant whereby the landlord agrees that it will not permit any premises within the shopping centre to be used for a specific type of use. The tenant's main objective in seeking an exclusive use clause is to protect itself from any competing businesses operating in the same market.
Read the full article below.
The Exclusive Use Clause - Use It or Lose It
May 20, 2003
The Exclusive Use Clause - Use It or Lose It
Written by Joanne Board
Shopping Centre Newsletter, Vol. 23, No. 5
In a lease negotiation, a tenant will often seek to obtain an exclusive use covenant whereby the landlord agrees that it will not permit any premises within the shopping centre to be used for a specific type of use. The tenant's main objective in seeking an exclusive use clause is to protect itself from any competing businesses operating in the same market.
Read the full article below.
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