Commercial Leases: Early Termination Rights Tied to Tenant Sales | Practical Law

Commercial Leases: Early Termination Rights Tied to Tenant Sales | Practical Law

This is a Standard Clause for use in a retail lease. This clause gives the tenant, once it has opened for business from its leased premises, special termination rights if the tenant's gross revenue from the leased premises falls below an agreed-upon minimum dollar amount.

Commercial Leases: Early Termination Rights Tied to Tenant Sales

Practical Law Canada Standard Clauses w-029-8696 (Approx. 9 pages)

Commercial Leases: Early Termination Rights Tied to Tenant Sales

by Practical Law Canada Commercial Real Estate
MaintainedCanada (Common Law)
This is a Standard Clause for use in a retail lease. This clause gives the tenant, once it has opened for business from its leased premises, special termination rights if the tenant's gross revenue from the leased premises falls below an agreed-upon minimum dollar amount.