Real Estate/Development
Oct. 27, 2011
Faced with threat of vacancy, landlords look to pop-up tenants
Short "pop-up" leases are becoming the deal of choice for many shopping center landlords who are struggling to lure tenants in the down economy, but the deals can present challenges for the lawyers drafting them.
By Jason W. Armstrong
Daily Journal Staff Writer
Landlords struggling to rent empty space increasingly face a quandary: whether to hold out for a financially robust tenant that will ink a long-term lease or sign a six-month or shorter contract with a small startup or seasonal business.
The latter, referred to in the real estate industry as a "pop-up lease," appears to be the deal of choice for struggling property owners across Calif...
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