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TopicShopping Center Centric Provisions
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Shopping Center “Centric” Provisions

“The term “Shopping Center” shall mean the entire area shown on Exhibit A. Landlord represents, warrants, and covenants and agrees as follows:  (i) that the general layout of the Shopping…

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A

Abatement: The reduction or elimination of a portion of rent during the lease term. Commonly referred to as “free rent,” “rent abatement” or a “rent concession.” An abatement may be…

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G

Generally Accepted Accounting Principles (GAAP): The common set of standards, rules, procedures, and principles accepted by professionals in the accounting industry. This framework has been adopted by most publicly traded…

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S

Sale-Leaseback: A real estate sales transaction in which the owner of a property sells the property to a buyer, and after the closing of title to the property, the seller…

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