Convey Meaning of “First Class” in Use Clause

Convey Meaning of “First Class” in Use Clause

If a lease requires you to sell “first-class” products or run a “first-class” business, have the owner add synonyms for, or exclusions to, the term “first-class” to help convey its meaning. Without them, the term “first class” will be too vague and may mean different things to different people or in different industries, warns New York City real estate attorney Robert C. Cyruli. That could lead to disputes between you and the owner over whether your products or business meets the first-class requirement.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?