1. Exclusive Use Clauses
An "exclusive use" clause prevents the landlord from leasing another space in the same center to a direct competitor. If you open a coffee shop, you don't want a Starbucks opening next door three months later.
2. Co-Tenancy Requirements
If you are in a shopping center anchored by a major retailer (like a grocery store), your business likely depends on their foot traffic. A "co-tenancy" clause allows you to pay reduced rent or terminate the lease if the anchor tenant closes or leaves.
3. Radius Restrictions
Landlords often try to prevent you from opening another location within a certain radius (e.g., 5 miles). This can severely limit your business's growth. Always try to remove radius restrictions or limit them to 1-2 miles.
4. Percentage Rent Caps
Some retail leases require you to pay a percentage of your gross sales to the landlord once you reach a certain "breakpoint." Ensure the breakpoint is high enough that it only triggers when your business is exceptionally successful.
5. Signage & Visibility Rights
Don't assume you can put your sign wherever you want. The lease should specify your right to signage on the building facade and the pylon/monument sign.
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