Continuous Operation
Most retail landlords (and some office landlords) require continuous operation clauses in their leases. Continuous operation clauses require that the tenant remain open for business during center hours during the entire lease term. With a continuous operation clause, a tenant must not only pay rent, but also must be open for business. Landlords require continuous operation because tenants in shopping centers are interdependent on one another for success. A full, open center benefits all of the tenants and enhances the value of the property.
Read the rest of this blog entry at: http://rrlawaz.com/2011/04/continuous-operation/
This blog has been moved to: http://rrlawaz.com/blog/
Filed under: Uncategorized Tagged: | continuous operation, retail tenant, shopping center hours, temporary closure
