Include Three Requirements When Negotiating Lease’s Exclusive Use

Typically, when a retail or restaurant tenant looks at prospective space in a shopping center, it wants to know about the other tenants. After all, synergy—the way that tenants’ uses work together to be beneficial for all of them—and competition are keys to success in that center. So when you’re negotiating a shopping center lease, you’ll want to know about the exclusives that other tenants in the center have that you’ll have to honor.

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