LA745: Pro-Tenant Lease For Food Mart Convenience Store Selling Gasoline (With Right To Go Dark, No Competition Clause, Right Of First Refusal, Right Of Substitution And Other Pro-Tenant Features)
This lease has been drafted for the tenant operating a food mart convenience store outlet that also sells gasoline. The form contains extensive verbiage dealing with environmental liability relating to the storage and sale of gasoline and with the tenant's petroleum equipment.
The form also contains numerous pro-tenant features, including several renewal options, the right to "go dark" (i.e., cease operations with continued payment of rent), a "no competition" clause restricting the landlord's right to lease property to another convenience store within one mile of the premises, a right of first refusal to purchase the premises in the event of a third party offer during the lease term, and a tenant right of substitution which gives the tenant the right to request a new location from the landlord after the beginning of the fifth year of the term.
Number of Single Spaced Pages: 40
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