Restaurant Relocation Clause Samples
The Restaurant Relocation clause defines the conditions under which a restaurant tenant may move its operations to a different location within a leased property or complex. Typically, this clause outlines the process for requesting relocation, any requirements for landlord approval, and the responsibilities for costs associated with moving and modifying the new space. Its core practical function is to provide flexibility for the tenant to adapt to changing business needs while ensuring the landlord’s interests and property standards are maintained.
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Restaurant Relocation. (a) If the lease for the Restaurant expires or is terminated before the end of the franchise's term, Franchisee may move the Restaurant to another location chosen in accordance with the site selection procedure. The new location (i) must be in the original Restaurant's general trade area (as determined by Company in its sole judgment), and (ii) may in no case infringe another Restaurant's protected Trade Area. When Company approves the location for the new Restaurant, Company will prepare a new Exhibit A to this Agreement that describes the new Restaurant’s Trade Area. The new Exhibit A will replace the Exhibit A attached to this Agreement for all purposes of this Agreement, including that of identifying the area in which Franchisee will enjoy competitive protection pursuant to Section 4.
(b) If Franchisee loses possession of the original Restaurant's premises because the lease expired by its terms, or on account of condemnation or eminent domain proceedings, or as the result of a default termination, Franchisee must initiate the relocation procedure in time to lease, build-cut and open the new Restaurant for business within 60 days after the original Restaurant closes. If Franchisee's lease is terminated on account of a fire or other casualty, Franchisee must initiate the relocation within 90 days after the original Restaurant closes.