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The right to be the only tenant in a shopping center or mall that sells a certain type of product or operates a certain type of business is highly valuable—and, therefore, very strategically negotiated. This right, which is given to the tenant in the exclusive use clause of its lease, can contribute greatly to a tenant’s success at your center or mall, but it has the potential to undermine your own interests if it precludes you from renting space to tenants that are valuable to you but that sell specific products or services that conflict with an exclusive.
