![]() Continuous Operations ClauseĪ type of Business Hours clause in a retail lease that obligates the tenant to remain open for business throughout the term of its lease. (2): Tenant shall be open for business during all regular center hours, provided 80% of all other tenants of the Center are open for business during regular Center hours. (1): Tenant’s business hours are 9am to 9pm, Monday through Friday, and 10am to 6pm, Saturdays and Sundays, excluding holidays. In some retail leases, the tenant’s business hours are contingent upon a specified percentage of tenants maintaining the same business hours.Īn Example of A Business Hours Lease Provision In retail leases, the hours during which a tenant is required to remain open for the conduct of business. In this post, we’ll review some of the more common Retail Lease Provisions, provide examples and point out some of the important information to look for in them. Because of the unique nature of retail, leases for retail space often include clauses or provisions that are not typically found in leases for other types of properties, such as office, industrial or multi-family. This post is on Retail Lease Provisions, a type of Lease Clause that is specific to retail space and leases. ![]() ![]() Welcome to the twelfth and final installment in our series “The ABCs of Commercial Real Estate Leases”.
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