User clauses constitute a small section of commercial leases, but in the context of retail leases, they can offer a tenant a competitive advantage within a shopping parade. A well-balanced tenant mix is crucial for both landlords, ensuring the success of the parade of shops, and tenants, ensuring the success of their individual businesses. An ideal tenant mix comprises shops that complement each other rather than compete.
Striking this balance can often be challenging. For instance, if you plan to open an off-licence to sell alcoholic beverages and more, do other business owners in the parade have the same rights? Are there any lease restrictions imposed by your landlord that differ from those affecting your neighbors? Will future tenants have rights that you currently lack?
Ensuring the accuracy of your lease is a crucial step when securing a new property. Some words and clauses may not hold significance until the lease is in effect and another tenant joins the parade. This is precisely where Olawill comes in. We offer a strategic perspective on your lease, negotiating terms that promote the long-term success of your business.
Contact us today for a consultation.
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