Co-tenancy

Co-tenancy is a contractual agreement between two or more tenants sharing a commercial space, typically in a shopping center or office building. In this arrangement, each tenant has their own separate lease agreement with the landlord, but they also agree to certain shared responsibilities and benefits. This can include sharing common areas, maintenance costs, and promotional efforts to drive foot traffic to the overall property. Co-tenancy agreements can help tenants reduce costs, increase visibility, and create a more cohesive and attractive environment for customers.