Kickout clause

A right for a party to terminate a lease when a defined performance condition occurs.

A kickout clause gives a party the right to terminate a lease when a defined condition occurs. In retail leases, this can be tied to sales performance, occupancy levels or another negotiated threshold.

Key elements

Measurement period.
Trigger threshold.
Notice deadline.
Cure rights.
Termination window.
Alternative remedies.

All terms

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