Critical Issues in Evaluating The Kickout Option

Abe Schear published an article in the January 2009 edition of Shopping Center Business, entitled “Critical Issues in Evaluating The Kickout Option.” Abe describes how a so-called “kickout option” allows the tenant or the landlord, or sometimes both, to terminate the lease prior to the end of the initially established term in the event the tenant does not reach a certain specified level of gross sales during an identified period.