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What every retail landlord should know about negotiating 'go dark' clauses

Authors :
Kalt, Scott M.
Source :
Real Estate Finance Journal. Wntr, 1998, Vol. 13 Issue 3, p65, 7 p.
Publication Year :
1998

Abstract

Landlords must carefully undertake the negotiation on continuous operation or go dark clauses because the profitability of shopping centers depends on the tenants' continued operations and sales from their premises. In the go dark clause, the tenant may discontinue its business regardless of breaking lease agreements. When breach of contract occurs, the tenant may consider terminating the leasing contract and file a case against the tenant for damages such as decreased percentage lease and diminished value of the shopping center.

Details

ISSN :
08980209
Volume :
13
Issue :
3
Database :
Gale General OneFile
Journal :
Real Estate Finance Journal
Publication Type :
Periodical
Accession number :
edsgcl.20419719