Property Ownership
In New York, a 'co-tenancy clause' in a commercial lease allows a tenant to:
AShare their unit with any co-tenant
BReduce rent or terminate the lease if anchor tenants or a certain percentage of tenants in a shopping center leave✓ Correct
CAdd any person to their lease without landlord consent
DAssign the lease to a related entity
Explanation
A co-tenancy clause (common in retail and shopping center leases) allows a tenant to reduce their rent or terminate the lease if anchor tenants leave or occupancy drops below a threshold, recognizing that a tenant's business depends on foot traffic generated by other tenants.
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