Definition
A retail lease provision allowing rent reduction or termination if anchor tenants leave or occupancy drops below a threshold.
Example
When the grocery anchor closed, co-tenancy clauses reduced inline rents across the center.
Related terms
Frequently asked questions
What does Co-Tenancy Clause mean in real estate?
A retail lease provision allowing rent reduction or termination if anchor tenants leave or occupancy drops below a threshold.
How is Co-Tenancy Clause used in practice?
When the grocery anchor closed, co-tenancy clauses reduced inline rents across the center.
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