This office lease form states that the Landlord shall not lease or sublease any other space in the building, during the term of the lease or any renewal to any party that can reasonably be deemed a competitor of Tenant.
Oakland, Michigan is a county located in the state of Michigan, United States. Within Oakland, there is a provision that restricts the rights of a landlord to lease space within a building to tenants who are competitors. This provision aims to protect businesses by avoiding conflicts of interest and promoting fair competition in the commercial real estate market. The Oakland Provision, as it is commonly referred to, limits the landlord's ability to lease space in their building specifically to competitors of the existing tenants. This helps to exist businesses within the building feel secure in their operations, as they can focus on their growth and success without the threat of direct competition taking up space within the same premises. By implementing this provision, the county ensures that tenants can operate their businesses without fear of lost customers or market share due to direct competition residing just a few doors down. For instance, if a building currently houses a nail salon and a hair salon, the landlord will not be able to lease space to another nail or hair salon within the building. This provision encourages diverse business offerings within the county and promotes a healthy business environment. It is important to note that the Oakland Provision may vary in its specific terms and conditions, depending on the building or property in question. Different types of buildings, such as commercial office spaces, shopping centers, or industrial parks, may have distinct variations of this provision tailored to address industry-specific needs. For instance, while a shopping center may have restrictions on leasing space to direct competitors, an industrial park may prohibit leasing space to businesses engaged in the same manufacturing or production sector. In conclusion, the Oakland Michigan Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors is a measure aimed at protecting businesses from direct competition within the same premises. By enforcing this provision, the county ensures a fair and viable commercial real estate market that fosters business growth and diversification.Oakland, Michigan is a county located in the state of Michigan, United States. Within Oakland, there is a provision that restricts the rights of a landlord to lease space within a building to tenants who are competitors. This provision aims to protect businesses by avoiding conflicts of interest and promoting fair competition in the commercial real estate market. The Oakland Provision, as it is commonly referred to, limits the landlord's ability to lease space in their building specifically to competitors of the existing tenants. This helps to exist businesses within the building feel secure in their operations, as they can focus on their growth and success without the threat of direct competition taking up space within the same premises. By implementing this provision, the county ensures that tenants can operate their businesses without fear of lost customers or market share due to direct competition residing just a few doors down. For instance, if a building currently houses a nail salon and a hair salon, the landlord will not be able to lease space to another nail or hair salon within the building. This provision encourages diverse business offerings within the county and promotes a healthy business environment. It is important to note that the Oakland Provision may vary in its specific terms and conditions, depending on the building or property in question. Different types of buildings, such as commercial office spaces, shopping centers, or industrial parks, may have distinct variations of this provision tailored to address industry-specific needs. For instance, while a shopping center may have restrictions on leasing space to direct competitors, an industrial park may prohibit leasing space to businesses engaged in the same manufacturing or production sector. In conclusion, the Oakland Michigan Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors is a measure aimed at protecting businesses from direct competition within the same premises. By enforcing this provision, the county ensures a fair and viable commercial real estate market that fosters business growth and diversification.
