Relocation Variables
Landlord Requested Relocation VariablesDepending on the size of the
retail shopping center you are targeting, your Landlord may request you to
accommodate a relocation clause in your lease form. On first blush, you may
think this is a totally unacceptable request. BUT, keep in mind, the stronger
the Landlord makes the shopping center, the more traffic will come to the center
and hopefully the higher volume and profit you as the Tenant will generate. This
is the proper mindset when addressing this relocation request provision.
The variables below were
included to make the tenant aware of items which should be considered when
addressing this provision. For example, as the Tenant
you can “hatch” or predetermine an acceptable area in the center which you
would be willing to be relocated to.
Or
As the Tenant you can
include a clause that restricts the Landlord to only relocating you once during
your term.
Or
You can limit the
relocation period to January to September to avoid any disruption of the
Christmas Sales Season.
The following list is self
explanatory but if you have any questions please
email
retailcriteria.com
 |
Relocation required in existing lease |
 |
Right to terminate or relocate in existing
lease |
 |
Is alternate location in center acceptable? |
 |
Landlords work defined |
 |
Landlord sense of urgency |
 |
End of term in existing lease |
 |
Sales reporting lease required |
 |
Current and past sales trend |
 |
Current rent structure vs. current market
rates |
 |
Alternate center equal to, or more desirable |
 |
Landlord requested timeline for relocation |
 |
Tenant emotionally willing to switch centers |
 |
Timeframe availability of alternate center
space |
 |
Tenant willing to accept cash amount to
terminate |
 |
Downtime value to be determined |
 |
Lost sales to be determined |
 |
Employee turnover due to downtime |