Filed Under Guides
Percentage Rent Breakpoints: How They Work
Percentage rent is one of the most important economic terms in a retail lease, and it directly determines how much a tenant pays once sales pass a certain...
Guides
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Filed Under Guides
Hours of Operation Clauses in Retail Leases
Shopping centers succeed when shoppers know the stores will be open. A customer who drives to a center on a Saturday evening and finds half the storefronts dark...
Filed Under Guides
Marketing Fund Contributions in Retail Leases
Walk through any successful shopping center and you will see the marketing fund at work: the holiday events drawing weekend crowds, the social media campaigns promoting the center,...
Filed Under Guides
Common Area Rights Every Tenant Should Know
Every commercial tenant uses far more space than its leased premises. Lobbies, hallways, restrooms, elevators, parking lots, loading areas, courtyards, and sidewalks all make the property function, and...
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Exclusive Parking: Negotiating Reserved Spaces
Parking rarely makes the headline terms of a lease negotiation, but it shapes the daily experience of every tenant, employee, and customer who uses the property. A medical...
Filed Under Guides
Storage Rights: Basements, Cages, and Yards
When tenants tour a commercial space, they look at the offices, the showroom, or the sales floor. What they often forget to evaluate is storage: the basement cage,...
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Loading Dock Rights in Industrial Leases
In an industrial lease, the loading dock is where the business actually happens. Trucks back in, goods move in and out, and the rhythm of receiving and shipping...
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Telecommunications Clauses in Office Leases
Every modern office runs on connectivity. Fiber lines, backup circuits, wireless access points, and building wide networks are as essential to a tenant as electricity and water. Yet...
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Rooftop Rights: Antennas and Equipment Leases
Look up at almost any office building, apartment tower, or retail center in an American city and you will see more than a roof. Satellite dishes, cellular antennas,...
Filed Under Guides
Submetering vs Direct Metering of Utilities
Open the utility closet in any apartment building and you will find the equipment that decides how tenants pay for electricity, water, and gas. In some buildings, each...