Get 'Springing' Exclusive if You Lease Space in Exclusive-Free Center
Exclusive use is not just a way to guarantee success for some tenants who want a monopoly so to speak on selling certain goods or services. It’s also a hotly negotiated lease right. Because it’s on the radar for most tenants during negotiations, you might expect that all centers have tenants with exclusives. But exclusive use clauses are not a foregone conclusion, and—especially if you’re new to commercial leasing—you might run into a center that doesn’t have any exclusives.