April 2007
A Tenants Perspective on Co-TenancyWhen Has the Landlord Cured a ‘Dark’ Store?
By Glenn A Browne
In order to protect against a shopping center becoming less populated with retail department stores or so-called anchor tenants, tenants will request, and frequently obtain, co-tenancy provisions in their lease documents. While the co-tenancy provisions will vary from tenant to tenant, most co-tenancy provisions will at least protect the tenant from anchor stores ceasing to operate (i.e., going dark) and from a certain percentage of in-line tenants being closed for business. However, the co-tenancy provisions are often very vague as to how a landlord will be deemed to have cured a situation where an anchor store has closed for business.
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