Co-Tenancy Clause
A co-tenancy clause provides tenant remedies if other specified tenants - often an anchor or a defined set of major tenants - cease operating or if occupancy thresholds are not maintained. Remedies can include rent reduction, conversion to alternate rent structures, or termination rights depending on drafting.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Drafting / Negotiation
- Property types
- Retail, Mixed-Use
Related terms
Retail-Specific Leasing Terms
- Anchor Tenant
- Breakpoint (Percentage Rent)
- Exclusive Use Clause
- Go-Dark Provision
- Gross Sales (as Defined in Lease)
- In-Line Tenant
- Kick-Out Clause
- Percentage Rent
- Radius Restriction
General information, not legal, tax or financial advice.