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If you’re like many shopping center owners, some of your tenants might have cotenancy rights. That is, you’re obligated to keep a certain space or spaces in the center leased to stores the tenant has specified in the lease. If you don’t, the tenant might have a right to pay lower rent, or even terminate its lease. But in some cases, owners have negotiated mutual termination rights if a cotenancy clause is triggered because a specified tenant has stopped operating.
