In an article published on Feb. 12, 2015, Jill R. Johnson offers guidance on the key provisions that restaurant owners and operators should consider when negotiating lease contracts. The changes restaurants can make during day-to-day operations can be severely limited if the tenant does not conduct proper due diligence during lease negotiations. Johnson recommends that restaurants pay particular attention to some of the most problematic pitfalls. For example, exclusivity provisions allow the tenant to limit competition by ensuring that they can be the only restaurant of its type within a shopping center. For more considerations when negotiating a restaurant lease, please see the full article here.
- News & Analysis