Exclusive Use Clause
An exclusive use clause is a promise by the landlord that other tenants will be restricted from operating a defined competing use (for example, a specific category of goods/services), subject to exceptions and enforcement mechanics. Exclusives are common in certain retail formats and can affect future leasing flexibility.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Negotiation
- Property types
- Retail
Related terms
Retail-Specific Leasing Terms
- Anchor Tenant
- Breakpoint (Percentage Rent)
- Co-Tenancy 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.