Agreement allowing tenant to occupy a standalone restaurant at landlord's discretion.
This type of tenancy is often used when formal lease negotiations are still underway or when both parties prefer a less formal arrangement. It is particularly useful for businesses needing immediate occupancy to start operations without a lengthy lease commitment.
While offering great flexibility, a Tenancy at Will grants limited security of tenure, meaning the tenant has minimal legal protection against eviction. This makes it essential for the tenant to assess their long-term business strategy and potential risks associated with such an arrangement.
A "Tenancy at Will - Standalone Restaurant" document is intended for property owners who wish to offer flexible leasing arrangements. These arrangements allow the restaurant operator to occupy the premises without a long-term commitment.
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