Limit Tenant’s Ability to Sublet to Potentially Competitive Replacement

In this economy, it’s tough enough to fill your center with tenants, without inadvertently letting existing ones sublet space to businesses and restaurants that compete with your leasing efforts. For example, if you’re searching for a tenant to fill vacant restaurant space at your center, but another restaurant tenant decides to sublet its space, you’ll both be, in essence, competing for the same tenant—a restaurant that wants to lease space in your desirable location but wants to get a competitive price.