Radius Restriction
A radius restriction limits the tenant's ability to open or operate competing locations within a defined distance of the leased premises, as specified by the lease. These restrictions are negotiated to balance tenant network strategy against landlord interest in preserving center sales and tenant mix.
- 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
- Exclusive Use Clause
- Go-Dark Provision
- Gross Sales (as Defined in Lease)
- In-Line Tenant
- Kick-Out Clause
- Percentage Rent
General information, not legal, tax or financial advice.