Permitted Use in a Retail Lease (WCPT414)

Description

This is a 1 point session aimed at commercial and retail agents. The session is focussed on understanding Permitted Use in a retail lease. Key points covered in the session include:

Is this part of law or just a commercial negotiation?
Are big centres harder to manage than small in this context?
Assignment of lease issues.
Extension of lease issues.
What determines a retailers success?
Various definitions of basic retailers such as:

• Newsagent
• Baker
• Gift Shop
• Florist
• Sporting Goods Footwear
• Ladies Fashion

What is a ‘normal’ product range?
Dealing with the very real and often emotional response from retail tenants when their desired product mix is determined by the permitted us in their lease.