Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Non-Compete Clause/Provision

A clause that can be inserted into a lease specifying that the business of the tenant is exclusive in the property and that no other tenant operating the same or similar type of business can occupy space in the building.

Source: NCREIF | Date: 09 September 2025 | ID: D1319 | Version: 1