Ancillary Tenants

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January 1, 1 7 min read Definitions

Radius Clause Lease Agreement Commercial Leasing Real Estate Shopping Centers Anchor Tenants Ancillary Tenants Retail Leasing

A radius clause in a shopping center tenant's lease restricts the tenant from opening another store within a specified distance from the shopping center to prevent competition and reduced traffic to both the existing store and the shopping center. This is often crucial for anchor tenants and can also apply to ancillary tenants.