VRN, May 2013

The Fab Five: Outlet Clauses to Live By

By: Lori Kilberg and Benno Rothschild

Outlet centers are proliferating, and new players seeking a foothold in this thriving sector should be aware of certain unique features of outlet leases. Although many lease provisions will look familiar to real-estate veterans, there are certain unusual twists and turns that both owners and tenants must navigate to create a successful outlet center. We’ve outlined five lease clauses that outlet owners and retailers should pay particularly close attention to…

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