|Glenn D. Wright of the Wright Law Firm and Robin Abrams, broker extraordinaire and Vice-Chairman of Compass Real Estate, will be speaking in an upcoming Strafford live webinar, “Pop-Up” Leasing: Practical Considerations, Key Provisions for Landlords and Tenants” scheduled for Tuesday, January 28, 2020, 1:00 pm-2:30 pm EST. With the sudden downturn in the retail market due to e-commerce, pop-up shops have become very popular, and many lawyers find that they are drafting these agreements for the first time. Pop-Up agreements, whether a license or a lease, have unique issues that must be addressed.
Pop-Ups are an excellent way for e-commerce sites to broaden their customer base and show their products to the public. These Pop-Ups can also inject some excitement into a mall or shopping center that has not varied its mix of retail stores in many years. Many Pop-Ups offer an experiential experience for the shopper that will drive foot traffic to a mall or shopping center.
Although there are a lot of opportunities to benefit both landlords and tenants, Attorneys have to be familiar with the risks to a landlord of having a tenant that will be gone in a couple of months and may be inclined to cut corners in operating their store.
Pop-Up leases will often be drafted as a license rather than a lease. Both Landlords and Tenants must be aware that Courts often will disregard the documents and do their own analysis as to whether the tenancy is a license or a leasehold.
After the presentations, the panel will engage in a live question-and-answer session with participants so we can answer your questions about these important issues directly.
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