Property Management
A Washington commercial property manager is negotiating a lease for an anchor tenant in a retail center. The anchor tenant wants exclusive use rights preventing the landlord from leasing to a competitor. This lease provision is called:
AA co-tenancy clause
BAn exclusive use clause (or exclusive right to operate)✓ Correct
CA non-compete agreement
DA first right of refusal clause
Explanation
An exclusive use clause gives an anchor tenant the exclusive right to operate a particular type of business within the shopping center, preventing the landlord from leasing other spaces to direct competitors. It is a powerful tool for major anchor tenants.
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