How Permanent, Temporary and Seasonal Leasing are Different
PERMANENT Lease: This will be a long term lease ranging from 3 years or longer. Both the Landlord and Tenant are legally bound for the term of the lease.
TEMPORARY License Agreements: A temporary license agreement also known as temporary leasing or specialty leasing. This is a tenancy agreement lasting a year or less. However, anytime during the term, the Landlord has the right to terminate the agreement with 30 days notice. The advantage here is that you will have an opportunity to open a store inside a mall and test the market before committing to a long term lease. Low initial capital investment is required.
POP-UP / SEASONAL Leasing tenancy agreements: These usually go for a pre-determined amount of time. Usually for one day, a weekend only or just the Holiday season.
If you are considering permanent, temporary, or seasonal positioning in a mall or shopping center, let us guide you through all the service steps.