Ancillary Tenants are individuals or businesses that occupy a space within a larger commercial property, such as a shopping mall or office building, and provide supplementary goods or services to the primary tenants or customers. These tenants typically offer products or services that complement the offerings of the main tenants, and may include businesses such as restaurants, coffee shops, or specialty stores.
Ancillary tenants are individuals or businesses that occupy a property owned by a primary tenant. They are typically allowed to use the property for a specific purpose, such as storage or parking, and are subject to the terms of the primary tenant’s lease agreement. Ancillary tenants do not have a direct relationship with the property owner and are not responsible for paying rent or maintaining the property. However, they may be required to comply with certain rules and regulations set forth by the property owner or primary tenant. In some cases, ancillary tenants may be required to obtain their own insurance coverage to protect against liability or damage to the property.
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This glossary post was last updated: 29th March 2024.
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