Property Management
In Michigan, a 'co-tenancy clause' in a shopping center lease may allow a tenant to:
AShare their space with another tenant
BReduce rent or terminate the lease if a key anchor tenant leaves the shopping center✓ Correct
CAssign the lease to a competitor
DExpand their space into adjacent vacant units
Explanation
Co-tenancy clauses protect Michigan retail tenants from the impact of losing a major anchor tenant. If the anchor leaves and traffic drops, the co-tenancy clause may allow the tenant to pay reduced rent or terminate the lease.
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