What is the relationship of the dominant portion in a retail space related to its lease?

The dominant portion in a retail space, often defined in the context of leases, refers to a specific area or feature of the property that has a significant impact on the space's overall utility and value. When discussing the relationship of the dominant portion to the lease, marking the building line is particularly important because it delineates the perimeter of the retail space and helps establish boundaries for usage, maintenance, and compliance with zoning regulations.

Understanding the building line is essential for both the landlord and tenant since it affects how the space is used, what modifications can be made, and how future developments may need to be planned around it. Furthermore, maintaining a clear definition of the boundaries can mitigate disputes regarding property lines and ensure that both parties have a mutual understanding of the leased premises.

Other options like common areas, competitive pricing, or rental value, while relevant to the broader context of retail leases, do not specifically address the predominant aspect of marking the physical boundaries of the leased space as determined by the dominant portion. Hence, pinpointing the building line as defined by the dominant portion is crucial in understanding the terms of the lease.