Set Criteria When Giving Relocation Space to Tenant
Many retail space owners, and especially mall owners, give themselves a relocation right. That is, the right to relocate the tenant to a different space in the center or mall under certain circumstances. Negotiating a relocation right can be tricky—if you don’t draft this provision correctly you could end up thwarting your own efforts to have some flexibility. Using vague terms is the quickest way to negate your intent for the provisions.