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18 January, 15:07

Nick has a profitable liquor store and plans to open up another liquor store in a neighboring community. He contacted the landlord of a shopping center with a vacant storefront. To his surprise, his request for a lease was denied. What most likely prevented the landlord from leasing to Nick?

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  1. 18 January, 16:03
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    Licensing Clause

    Explanation:

    What most likely prevented the landlord from leasing to Nick is alicensing clause.

    In the event that an express provision in the lease contract of the landlord is absent, the landlord has an absolute right to refuse consent to alterations outside the lease.

    There could be certain restrictions in the lease agreement as well which will determine the kind of businesses the landlord is permitted to allow.
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Home » Business » Nick has a profitable liquor store and plans to open up another liquor store in a neighboring community. He contacted the landlord of a shopping center with a vacant storefront. To his surprise, his request for a lease was denied.
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