Surrender of Premises Clause
(Shopping Center Lease for Medical Use Tenant)

Summary

This surrender of premises clause may be included in a lease agreement where the leased premises is located in a shopping center and used for medical purposes. This clause addresses the tenant's surrender of the premises and is landlord favorable. This clause includes practical guidance, drafting notes, and an alternate clause. The capitalized terms used in this clause should be conformed to the defined terms in the relevant shopping center lease. The drafting notes and alternate provisions include tips for negotiating on behalf of tenant. For a list of resources addressing key issues related to healthcare organizations, see Healthcare Transactions, Licensing, and Regulation Resource Kit. For a full listing of key content covering retail leasing, see Retail Leasing Resource Kit. For more on medical use clauses in commercial leases, see Commercial Leases for Medical Use.