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Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet of retail space (gross leasable area).The list is based on the latest self-reported figures from the mall management websites, which are also reported on each mall's individual wiki page.
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states , residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Traders who share a space in a retail centre said they were "ecstatic" to have signed a new three-year lease. Unity, a collaborative retail project founded by the charity Up The Garden Bath, was ...
The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet (74,000 m 2) in gross leasable area, and the superregional center with more than 800,000 square feet (74,000 m 2) of space.
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
A pad site or outparcel is a freestanding parcel of commercial real estate located in the front of a larger shopping center or strip mall. [1] Desirable because of their visibility to consumers, accessibility, and the ease of facilitating drive-thru service, pad sites are typically sought after by banks, casual dining, and fast food restaurants.
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