Retail leases present their own dilemmas and challenges to landlords and tenants. Retail leases entail rather rarefied provisions which could constitute a trap for the unwary. In this article, we explore SOME of the issues involved in negotiating and consummating a retail lease in a free-standing building (not a shopping center). Such issues revolve around the following: term of the lease, minimum payment, percentage payment, continuous operation of the business, utilities and taxes, and repair and maintenance.
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