Owner's Termination Right Wasn't 'Ongoing'

Owner's Termination Right Wasn't 'Ongoing'

Facts: When an anchor tenant closed its store at a shopping center, the cotenancy clause in a lease between an arts-and-crafts supply retailer and the center’s owner was triggered. When the owner had failed to obtain another anchor tenant after six months, the tenant started paying the lower alternative rent provided for in the cotenancy clause.

Full Article Access:

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

Not yet ready to subscribe?