relocation clause

relocation clause

A lease clause that allows the landlord to move a tenant to another location within the building,usually to accommodate the entry of a new tenant requiring a large quantity of space or for the expansion of an existing tenant. Tenants requiring site-specific locations, such as retail tenants next to a particular anchor, or office tenants with ground-floor space needs, usually negotiate the deletion of a building's standard relocation clause. If the clause is present, landlords typically pay for all expenses of the move but may not pay for new stationery, change-of-address notifications,or business interruption unless these items are negotiated and included in the lease.