RESTAURANT LEASING:
PART 4 OF 5
Most landlords will insist on
including a continuous operation clause in a restaurant lease. These clauses
require a tenant to be open for business continuously during the term of the lease
on specific days and at hours dictated by the landlord. It is in the landlord’s
best interest to make sure it’s tenants are fully operating because this attracts
customers. More customers increase a tenant’s sales, which in the case of a
lease with percentage rent, means more rent owed to the landlord. While these
clauses vary considerably from one lease to another, it is important to read
and understand them before you enter into a long-term agreement as continuous
operation clauses have several hidden problems that could affect the
unsophisticated restaurant tenant.
To read more please click HERE
To read more please click HERE
