Operating Covenant Clause (Retail Lease) | Practical Law

Operating Covenant Clause (Retail Lease) | Practical Law

A negotiated operating covenant clause that can be used in a shopping center retail lease. This Standard Clause requires the tenant to remain open and operational during specified hours. This Standard Clause has integrated notes with important explanations and negotiating and drafting tips for both landlords and tenants. While retail leases are generally governed by state law, this jurisdictionally-neutral clause is useful and relevant in every state.

Operating Covenant Clause (Retail Lease)

Practical Law Standard Clauses 7-507-2291 (Approx. 8 pages)

Operating Covenant Clause (Retail Lease)

by Practical Law Real Estate, with Scott P. Kadish, Ulmer & Berne LLP
MaintainedUSA (National/Federal)
A negotiated operating covenant clause that can be used in a shopping center retail lease. This Standard Clause requires the tenant to remain open and operational during specified hours. This Standard Clause has integrated notes with important explanations and negotiating and drafting tips for both landlords and tenants. While retail leases are generally governed by state law, this jurisdictionally-neutral clause is useful and relevant in every state.