Agree on 15 Points Before Giving Tenant Pre-Lease Access to Space
Don’t be surprised if a prospective tenant asks you to give it early access to its space before all aspects of your deal are finalized. Some tenants are confident that their financing will go through and that other issues will be resolved without incident. A common reason in retail leasing for tenants to ask for the right to get into the space early is to avoid delays in opening. While it makes sense, and you might want to accommodate a tenant that brings something positive to your bottom line, the shopping center, or both, it’s also not harmless.