Question

When signing a lease for a retail space, it's important to make sure the lease has a _______ clause, which releases the tenant from the lease if sales don't reach an agreed-upon amount. A.tenancy B.bail-out C.co-tenancy D.bankruptcy

Answer 1

Answer:

Option B (bail-out) is the correct approach.

Explanation:

• For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.
• It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.

Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.

Answer 2

Answer:

The answer is most definitely B.bail-out : )

Explanation:

Especially for retail space, be sure your lease includes a bail-out clause, which lets you out of the lease if your sales don’t reach an agreed-on amount, and a co-tenancy clause so you can break the lease if an anchor store closes or moves. If you have to do a lot of work to get the space ready for occupancy, consider negotiating a construction allowance—generally $10 to $25 per square foot—to help offset the costs.