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The Most Unusual Tenant Request I’ve Ever Seen | Episode 58: I Own a Shopping Center, Now What?

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Manage episode 496057405 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

After 30+ years in the business, it takes a lot to surprise me—but this lease clause did just that. In this episode, I share the unique situation that forced me to rethink how I approach use clauses. A tenant with a one-of-a-kind concept insisted on “any lawful retail use” as a condition of the lease. My initial reaction? No way. But what followed was a negotiation that pushed both sides to get creative.

I walk through the four protections I added—including noxious use exclusions, existing tenant conflict language, and even a recapture clause—all while preserving the deal and protecting my asset. If you’ve ever dealt with an assignment clause that felt like a landmine, or a tenant who had no potential assignee, this episode will give you a new playbook.

Key Insights:

✔️ Narrow use clauses protect your center—but sometimes, compromise is required

✔️ “Any lawful use” isn’t always risky—if structured carefully

✔️ Noxious use exclusions help future-proof your lease against shifting laws

✔️ Active negotiations and LOIs should also block conflicting assignments

✔️ A recapture clause gives landlords control in grey areas

✔️ Early negotiation (at LOI stage) helps avoid legal standoffs later

  continue reading

274 episodes

Artwork
iconShare
 
Manage episode 496057405 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

After 30+ years in the business, it takes a lot to surprise me—but this lease clause did just that. In this episode, I share the unique situation that forced me to rethink how I approach use clauses. A tenant with a one-of-a-kind concept insisted on “any lawful retail use” as a condition of the lease. My initial reaction? No way. But what followed was a negotiation that pushed both sides to get creative.

I walk through the four protections I added—including noxious use exclusions, existing tenant conflict language, and even a recapture clause—all while preserving the deal and protecting my asset. If you’ve ever dealt with an assignment clause that felt like a landmine, or a tenant who had no potential assignee, this episode will give you a new playbook.

Key Insights:

✔️ Narrow use clauses protect your center—but sometimes, compromise is required

✔️ “Any lawful use” isn’t always risky—if structured carefully

✔️ Noxious use exclusions help future-proof your lease against shifting laws

✔️ Active negotiations and LOIs should also block conflicting assignments

✔️ A recapture clause gives landlords control in grey areas

✔️ Early negotiation (at LOI stage) helps avoid legal standoffs later

  continue reading

274 episodes

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