Mall Types
What type of Mall Class is Metrotown
Super Regional Shopping Centre
Goal for considering the best mix for a shopping centre (1 word)
Synergy
What does CAM stand for?
Common Area Maintenance
Not taking Rent right away
Deferred Rent Payment
Where do you get a building permit
Municipality Office
What type of Mall Class is Lansdowne?
Regional Shopping Centre
Large Tenant of Shopping Centre - May be one or more
Anchor Tenant
Rent Paid Above the minimum rent
Percentage Rent
Eliminating Base Rent
Percentage Rent Only
Clause in a Lease which allows landlord to kick you you out if they plan on rebuilding or major renovation
Demolition Clause
What Type of Mall Class is West Edmonton Mall?
Super Regional Shopping Centre
term for free standing bank or restaurant in parking lot of shopping centre
Pad / Outlot
•a permit from an authority to own or use something, do a particular thing, or carry on a trade .
License
Not charge rent for a set period of time / forgiving past due rental payments
waiving rent
Fun Fact : More Residential
What percentage of people are not affected by bed bug bites?
How long can bed bugs survive for without food?
50%
1 year or more
What Mall Class is Marine Gateway?
Community Shopping Centre
Group of tenants that decide / propose marketing plans
Merchants Association
a right to cross or otherwise use someone else's land for a specified purpose.
Easement
using an amount of money that the Property Manager / LL holds as part of rent
Using Security Deposit
What should a property manager always be concerned with.
Liability
What kind of mall is Guilford Mall?
Super Regional Shopping Centre
More difficult type of tenants in retail centres
Pub
Point at which retailer rent goes from minimum rent to percentage rent
Break Point
Changing the breakpoint from the lease to reduce payments for a set period of time
Artificial Break Point
What does CYA stand for?
COVER YOUR ASS!!!!