“Required reading for legal practitioners and shopping center managers alike.”
—Real Estate Review
This authoritative work, crammed with suggestions to help smooth the way during landlord-tenant negotiations, offers you a virtual encyclopedia of lease clauses! You'll learn the “magic words” for negotiating leases for your clients whether you represent landlords, tenants or lenders—even if you're not working with your own lease.
Shopping Center and Store Leases catalogs the customs of trade. It explains the underlying business realities faced by all parties through an extensive analysis of merchandising, retailing, financing, construction, insurance, bankruptcy, antitrust and condemnation. You'll learn how the shopping center business works and how practical business considerations influence lease negotiations.
You'll get the answers to such questions as: How can a landlord draft a use clause that really restricts the tenant's use? How can a tenant draft a valid exclusivity clause that limits competition from other merchants? Should a tenant agree to a subordination clause? How should construction delays affect rent payments? How can a landlord negotiate a greater percentage of rent from a “profit center” tenant who requires a specially carved area? What are the advantages of a tenant-build supermarket lease?
This valuable book contains detailed information on supermarket and fast-food restaurants and includes an annotated sample lease form. It also provides expert guidance and insights on negotiating use and exclusive clauses, covering 26 distinct categories of tenants.
Book #00548; looseleaf, two volumes, 2,236 pages; published in 1979, updated as needed. ISBN: 978-1-58852-003-6
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