Pop Up Malls For Rent in Montmartre, Paris

Why Rent a Mall Space in Paris 18th Arrondissement Montmartre?

Renting a mall space here offers unique opportunities for brands to connect with a buzzing audience. The area attracts tourists visiting the iconic Sacré-Cœur Basilica and benefits from local events like the Montmartre Wine Harvest Festival, making it a prime location for retail ventures.

In short: Renting a mall space here provides excellent visibility and walk-in traffic, with xNomad helping businesses secure ideal locations.

What is a mall space in Paris 18th Arrondissement Montmartre?

A mall space in Paris 18th Arrondissement Montmartre is a commercial area designed for retail businesses. These spaces are strategically located to attract both local shoppers and tourists. Montmartre's rich cultural heritage and bustling atmosphere make it a distinctive location for brands looking to enhance their visibility and engage with diverse audiences.

What Should Brands Consider Before Leasing a Mall Space in Paris 18th Arrondissement Montmartre?

Brands should evaluate several factors before leasing a mall space here. First, assess the target audience and footfall patterns, especially near landmarks like the Sacré-Cœur Basilica.

• Objective: Define your business goals and how a mall space aligns with them.
• Budget: Entry-level mall spaces here typically start from €2,500 per month. Mid-range options can range from €3,500 to €5,000, while premium locations near Boulevard de Rochechouart can exceed €6,500 during the Montmartre Wine Harvest Festival in October.
• Location Type: Choose between high-traffic areas or quieter zones based on your brand's needs.
• Timing: Consider the Montmartre Wine Harvest Festival, which attracts significant crowds and can influence rental prices.
• Operational Complexity: Understand the logistics of operating in a mall, including setup and compliance with mall regulations.

What Are the Hidden Costs of Renting a Mall Space in Paris 18th Arrondissement Montmartre?

There are several hidden costs associated with renting a mall space here. Brands must be aware of potential pitfalls that can affect their bottom line.

• Mistakes: Failing to conduct thorough market research can lead to poor location choices.
• Constraints: Lease agreements may impose restrictions on store hours or product offerings.
• Legal Challenges: Ensure compliance with local regulations to avoid fines or legal issues.
• Operational Costs: Expenses can escalate quickly, with setup costs averaging €1,000 to €3,000 depending on the space's condition.
• Recruitment: Hiring staff for peak seasons can add to operational costs, especially during busy periods like the Montmartre Wine Harvest Festival.

What Kinds of Brands Benefit Most from Leasing a Mall Space in Paris 18th Arrondissement Montmartre?

Brands that thrive in a mall space locally include those targeting tourists and local residents.

• Fashion Retailers: Clothing brands can attract shoppers visiting the area for its artistic vibe.
• Food and Beverage: Cafés and eateries benefit from passing trade near tourist attractions.
• Artisans: Local crafts and art can appeal to visitors looking for unique souvenirs.
• Tech Companies: Electronics and gadgets can attract tech-savvy consumers in the area.

The diverse audience in Montmartre, including tourists and locals, creates a dynamic environment for various brands to engage effectively.

Q: What permits do I need to lease a mall space in Paris 18th Arrondissement Montmartre?

A: To lease a mall space here, you typically need a commercial lease agreement and may require a business registration. Depending on your business type, additional permits might be necessary, such as food handling licenses for restaurants. It's advisable to consult local authorities or a legal expert to ensure compliance with all regulations.

Q: What mistakes should brands avoid when booking a mall space in Paris 18th Arrondissement Montmartre?

A: Brands should avoid overlooking the importance of location and footfall patterns when booking a mall space locally. Failing to conduct thorough market research can lead to poor visibility. Also, not understanding lease terms can result in unexpected costs. Engaging with local experts can help navigate these challenges effectively.

Q: How do businesses prepare for peak seasons in Paris 18th Arrondissement Montmartre?

A: Businesses should prepare for peak seasons locally by planning marketing strategies in advance. For example, during the Montmartre Wine Harvest Festival, brands can create promotions to attract visitors. Securing extra staff and ensuring inventory levels meet demand are vital steps to raise sales during busy periods.

Q: Who is a mall space in Paris 18th Arrondissement Montmartre best suited for?

A: A mall space here is best suited for brands targeting both tourists and local residents. Fashion retailers, food and beverage businesses, and artisan shops can thrive in this buzzing area. The walk-in traffic from visitors exploring landmarks like the Sacré-Cœur Basilica provides ample opportunities for engagement and sales.

How much does it cost to book a mall space in Paris 18th Arrondissement Montmartre?

Booking a mall space locally varies based on location, size, and demand. The area is known for its vibrant atmosphere, especially during events like the Montmartre Wine Harvest Festival in October, which considerably influences pricing.

Quick Answer: Booking a mall space here typically starts from €300 per day, with peak rates during local events. xNomad helps brands find suitable spaces.

How Does Booking a Mall Space in Paris 18th Arrondissement Montmartre Work for Brands and Retailers?

Booking a mall space in Paris 18th Arrondissement Montmartre involves securing a location that attracts significant foot traffic. This area is distinct for its artistic heritage and tourist appeal, making it ideal for brands looking to engage with diverse audiences. The process typically includes selecting a venue, negotiating terms, and ensuring compliance with local regulations.

What Factors Affect the Cost of Booking a Mall Space in Paris 18th Arrondissement Montmartre?

The cost of booking a mall space in Paris 18th Arrondissement Montmartre is influenced by several factors. Entry-level mall spaces typically start from €300 per day. Mid-range options range from €500 to €1,000, while premium locations near the iconic Sacré-Cœur can reach €2,000 or more during the Montmartre Wine Harvest Festival. Additional costs such as setup and fit-out can add €100 to €500, depending on the complexity of the installation.

1. Location: Proximity to landmarks like Sacré-Cœur can increase costs.
2. Size: Larger spaces command higher rental fees.
3. Duration: Longer bookings may offer discounts.
4. Seasonal Demand: Events like the Montmartre Wine Harvest Festival drive prices up.
5. Setup Costs: Additional expenses for fitting out the space.

Understanding these factors can help brands budget effectively and choose the right space for their needs.

When Is the Best Time to Book a Mall Space in Paris 18th Arrondissement Montmartre?

The best time to book a mall space in the area is during off-peak seasons. Booking well in advance, ideally 2 to 3 months prior, can secure better rates. Peak demand occurs during events like the Montmartre Wine Harvest Festival in October, when prices can surge.

1. Off-Peak Months: Consider booking from January to March for lower rates.
2. Advance Booking: Secure your space early to avoid price hikes.
3. Event Timing: Be aware of local festivals that may affect availability.
4. Weekday vs. Weekend: Weekends typically see higher footfall and costs.
5. Local Holidays: Events like Bastille Day can increase demand.

By planning strategically, brands can increase their visibility and minimize costs.

What Should Brands Check in the Contract Before Signing a Short-Term Lease for a Mall Space in Paris 18th Arrondissement Montmartre?

Brands should carefully review several key elements in the contract before signing a short-term lease for a mall space in Paris 18th Arrondissement Montmartre. This ensures clarity and protects their interests.

1. Rental Terms: Understand the duration and renewal options.
2. Additional Fees: Check for hidden costs like utilities or maintenance.
3. Cancellation Policy: Know the terms for exiting the lease.
4. Compliance Requirements: Ensure all permits and licenses are in order.
5. Liability Insurance: Verify insurance obligations for the space.

By addressing these points, brands can avoid potential pitfalls and ensure a smooth leasing experience.

Q: What is typically included in the rental price for a mall space in Paris 18th Arrondissement Montmartre?

A: The rental price for a mall space here typically includes basic utilities, access to common areas, and security services. However, brands should confirm if additional costs for setup, marketing, or maintenance apply. Understanding these inclusions helps brands budget effectively and avoid unexpected expenses.

Q: How far in advance should brands book a mall space in Paris 18th Arrondissement Montmartre to secure the best rates?

A: Brands should aim to book a mall space here at least 2 to 3 months in advance to secure the best rates. This is particularly important during peak seasons or events like the Montmartre Wine Harvest Festival, when demand is high and prices can increase significantly.

Q: What should brands check in the contract before signing a short-term lease for a mall space in Paris 18th Arrondissement Montmartre?

A: Brands should check rental terms, additional fees, cancellation policies, compliance requirements, and liability insurance in the contract for a mall space in Paris 18th Arrondissement Montmartre. These elements are vital for ensuring a smooth leasing process and protecting the brand's interests.

Q: Can international or overseas brands rent a mall space in Paris 18th Arrondissement Montmartre?

A: Yes, international or overseas brands can rent a mall space in the area. However, they may need to provide additional documentation, such as proof of business registration and compliance with local regulations. Working with a local partner can help navigate these requirements effectively.

What are the benefits of leasing a mall space in Paris 18th Arrondissement Montmartre?

Leasing a mall space in Paris 18th Arrondissement Montmartre provides brands with significant visibility and access to a diverse consumer base. This area is known for its vibrant atmosphere, especially during events like the Montmartre Wine Harvest Festival in October, attracting thousands of visitors.

Bottom line: Leasing a mall space in Paris 18th Arrondissement Montmartre offers brands high visibility and access to tourists, especially during the Montmartre Wine Harvest Festival.

How Does leasing a mall space in Paris 18th Arrondissement Montmartre Work for Brands?

Leasing a mall space in Paris 18th Arrondissement Montmartre allows brands to engage directly with consumers in a bustling retail environment. Brands can showcase their products, create immersive experiences, and drive sales through strategic placements. This location is distinct due to its blend of local culture and tourist traffic, making it ideal for brand activation.

What Commercial Outcomes Can Brands Expect From a mall space in Paris 18th Arrondissement Montmartre?

Leasing a mall space in the area can lead to substantial commercial outcomes. Brands can expect to reach a diverse audience, including locals and tourists visiting landmarks like the Sacré-Cœur Basilica. During peak periods like the Montmartre Wine Harvest Festival, brands can see increased footfall and engagement, leading to higher sales and brand awareness.

1. Increased foot traffic from local residents and tourists.
2. Enhanced brand visibility through strategic mall placement.
3. Opportunities for product trials and immediate feedback.
4. Potential for repeat customers due to high visitor frequency.
5. Media coverage and press attention during events.

Leasing a mall space can also facilitate new customer acquisition, with brands often reporting significant increases in sales during high-demand periods.

How Does leasing a mall space in Paris 18th Arrondissement Montmartre Compare to a Permanent Store?

Leasing a mall space locally offers advantages over permanent retail locations. Short-term leases allow brands to test markets without the commitment of a long-term rental. For instance, while permanent retail spaces on Boulevard de Clichy can command rates above €500 per day, a temporary lease in a mall can start from €150 per day.

1. Flexibility to adapt to market demands.
2. Lower financial commitment compared to permanent leases.
3. Ability to capitalize on seasonal events like the Montmartre Wine Harvest Festival.
4. Opportunities to engage with diverse audiences in a single location.
5. Reduced overhead costs associated with permanent retail.

This flexibility enables brands to adjust their strategies quickly, making short-term leasing a more efficient option than traditional retail commitments.

How Can Brands Get the Most Out of a mall space in Paris 18th Arrondissement Montmartre?

Brands can raise their impact by strategically preparing for their occupancy in a mall space in the area. Operationally, brands should focus on effective staffing and setup to create an engaging customer experience. Timing is important; securing a space during the Montmartre Wine Harvest Festival can markedly enhance visibility.

1. Plan marketing strategies around local events.
2. Hire knowledgeable staff to engage with customers.
3. Create visually appealing displays to attract passing trade.
4. Utilize social media to promote the temporary space.
5. Collaborate with local influencers for greater reach.

Using platforms like xNomad can help brands secure the right space and streamline the booking process, ensuring a successful activation.

Q: What conditions or criteria help ensure a mall space in Paris 18th Arrondissement Montmartre delivers strong results?

A: To ensure strong results from a mall space in the area, brands should focus on high-traffic periods like the Montmartre Wine Harvest Festival. Engaging displays and knowledgeable staff can enhance customer interactions. Beyond that, leveraging local partnerships can increase visibility and drive footfall, maximizing the space's potential.

Q: How do brands measure whether a mall space in Paris 18th Arrondissement Montmartre has been worthwhile?

A: Brands can measure the effectiveness of a mall space in Paris 18th Arrondissement Montmartre through sales data, customer feedback, and foot traffic analytics. Tracking engagement during peak events like the Montmartre Wine Harvest Festival provides valuable insights. Utilizing tools to analyze customer interactions can also help assess the return on investment from the leasing period.

Q: What should brands have in place operationally before occupying a mall space in Paris 18th Arrondissement Montmartre?

A: Before occupying a mall space here, brands should ensure they have a clear marketing strategy and trained staff. Preparing engaging displays and promotional materials is essential. Securing necessary permits and understanding mall regulations will facilitate a smooth setup and operational process.

Q: How can brands extend or scale a successful mall space run in Paris 18th Arrondissement Montmartre?

A: Brands can extend a successful mall space run locally by analyzing customer data and feedback to refine their approach. Building relationships with local vendors and influencers can enhance visibility. Planning future activations around major events can help maintain momentum and drive ongoing engagement.

What Are the Most Popular Neighborhoods to Secure a Mall Space in Paris Montmartre?

The most relevant neighborhoods for securing a mall space in Paris Montmartre include the bustling Montmartre district and nearby areas like Pigalle. These locations attract significant foot traffic, especially during the Montmartre Wine Harvest Festival in October, which draws visitors eager to explore local shops and attractions.

Quick Answer: The Montmartre district is ideal for securing a mall space in Paris Montmartre, especially during seasonal events like the Montmartre Wine Harvest Festival.

How Does Mall Space in Paris Montmartre Vary Across Neighborhoods?

Mall space in Paris Montmartre varies substantially based on the neighborhood's character and audience. Montmartre is known for its artistic vibe and attracts tourists, while Pigalle offers a more vibrant nightlife scene. Choosing the right neighborhood can enhance visibility and foot traffic, impacting sales and brand exposure.

How Do You Compare Neighborhoods Before Booking a Mall Space in Paris Montmartre?

Evaluating neighborhoods for a mall space in Paris Montmartre involves several key factors. First, identify your target audience and their preferences. Second, consider your budget, as costs can vary widely. Entry-level mall spaces in less central areas typically start from €1,500 per month. In contrast, mid-range options in Montmartre can range from €2,500 to €4,000 monthly. Premium locations near Sacré-Cœur can exceed €5,500 during peak events like the Montmartre Wine Harvest Festival.

Assess the neighborhood character. Montmartre attracts tourists, while Pigalle caters to a younger crowd. Timing is vital; events like the Montmartre Wine Harvest Festival create concentrated walk-in traffic, enhancing potential sales. Lastly, operational complexities, such as access restrictions on certain streets, should be considered when securing a location.

What Are the Hidden Costs of Securing a Mall Space in the Wrong Zone of Paris Montmartre?

Choosing the wrong neighborhood for a mall space in Paris Montmartre can lead to significant challenges. Common mistakes include underestimating audience mismatch and overlooking local regulations. For example, securing a space on Rue des Abbesses may seem appealing, but it can be costly due to high tourist traffic and strict licensing requirements.

Costs can escalate quickly; for instance, operational expenses in Pigalle can rise by €500 monthly due to nightlife-related noise restrictions. Plus, brands may face recruitment challenges if they do not understand the local market dynamics. This can lead to difficulties in sourcing the right team to engage with the target audience effectively.

Which Neighborhood in Paris Montmartre Works Best for Your Mall Space?

Selecting the right neighborhood in Paris Montmartre depends on your brand identity and target audience. Montmartre is ideal for brands seeking a cultural and artistic atmosphere, attracting tourists and locals alike. The area around Place du Tertre is particularly advantageous for art-related businesses due to its high footfall from visitors exploring local artists.

Conversely, Pigalle suits brands targeting a younger demographic, especially those in entertainment or nightlife. The vibrant atmosphere draws a crowd looking for unique experiences. For brands focused on family-oriented products, areas near the Montmartre Cemetery can provide a more relaxed environment. Understanding these neighborhood profiles can help align your brand with the right audience.

Q: What permits do I need to occupy a mall space in a mixed-use neighborhood in Paris Montmartre?

A: To occupy a mall space in a mixed-use neighborhood in Paris Montmartre, you typically need a commercial use permit. This permit ensures compliance with local zoning regulations. The application process can take 4 to 6 weeks, depending on the specific requirements of the area. Working with a local consultant can help navigate the permitting process effectively.

Q: What mistakes do brands make when comparing neighborhoods for mall space in Paris Montmartre?

A: Brands often overlook the importance of audience alignment when comparing neighborhoods for mall space in Paris Montmartre. They may choose a location based solely on cost, ignoring foot traffic patterns and local demographics. For example, a space in Pigalle may seem affordable but may not attract the desired customer base. Understanding the unique characteristics of each neighborhood is important for success.

Q: Is a mall space in an emerging neighborhood of Paris Montmartre suitable for a first-time brand?

A: A mall space in an emerging neighborhood of Paris Montmartre can be suitable for a first-time brand if it aligns with the brand's target audience. Areas like Rue des Martyrs are gaining popularity and can offer lower rental costs. However, brands should assess foot traffic and local competition to ensure they can effectively engage potential customers.

Q: What should I check before signing a lease in a secondary neighborhood in Paris Montmartre?

A: Before signing a lease in a secondary neighborhood in Paris Montmartre, check the local zoning regulations and audience demographics. Understanding the area's character is essential for aligning your brand with potential customers. Beyond that, evaluate accessibility and parking options, as these factors can markedly impact passing trade and overall sales potential.

What Are the Steps to Plan a Mall in Paris 18th Arrondissement Montmartre?

Planning a mall in Paris 18th Arrondissement Montmartre involves several vital steps. You must consider factors like location, budget, and local regulations to ensure a successful project. Engaging with the local community during events like the Montmartre Harvest Festival can drive interest and foot traffic.

In short: Planning a mall in Paris 18th Arrondissement Montmartre involves confirming objectives, securing a location, and understanding local demand.

How Does Planning a Mall in Paris 18th Arrondissement Montmartre Work for Brands?

Planning a mall in Paris 18th Arrondissement Montmartre requires a thorough understanding of the local market dynamics. Brands must investigate consumer preferences and demographics while considering the unique historical and cultural significance of the area. The distinct neighborhoods and tourist attractions contribute to the planning cycle, ensuring that the proposed mall meets local brand engagement expectations, especially during peak seasons such as the Montmartre Harvest Festival.

What Do You Need to Research Before Planning a Mall in Paris 18th Arrondissement Montmartre?

Researching a mall here starts with defining your target audience and objectives. Understand the demographics of the area, particularly how they engage with local shopping spaces. Entry-level retail spaces in Montmartre typically start from €1,000 per week. Mid-range options around Rue de la Vieuville can range from €1,500 to €3,000 per week. Premium locations during the Montmartre Harvest Festival can reach upwards of €5,000 per week due to the influx of tourists.

• Define Objectives: Determine what unique offerings your mall will provide.
• Budget Planning: Assess costs, including space rental and potential renovations, which can cost from €20,000 to €100,000 depending on scope.
• Space Criteria: Identify whether the location will focus on retail, dining, or mixed-use.
• Timing: Factor in the Montmartre Harvest Festival as a prime time for local engagement.
• Operational Requirements: Ensure compliance with local zoning laws and secure appropriate permits, which can take 4 to 8 weeks to obtain.

Understanding these elements will guide the groundwork necessary for a successful mall planning process in Montmartre.

What Are the Key Planning Steps for a Mall in Paris 18th Arrondissement Montmartre?

The execution phase for planning a mall in Paris 18th Arrondissement Montmartre starts with securing the ideal location. The planning process typically unfolds over a timeline of 4 to 6 months, with emphasis on local regulations and operational logistics.

• Initial Decision: Determine target demographics and define mall concept.
• Location Securing: Identify and finalize contracts for prime locations around Sacré-Cœur.
• Permitting: Apply for necessary building permits and licenses at the local mairie, allowing roughly 4 to 8 weeks for processing.
• Design and Fit-Out: Engage architects to develop mall layout, requiring 6 to 8 weeks for completion.
• Marketing Strategy: Design promotional campaigns coinciding with key events like the Montmartre Harvest Festival.
• Launch: Prepare for grand opening by coordinating with local authorities on any final compliance checks.

Each step requires thorough coordination with local stakeholders to optimize operations and customer engagement.

What Planning Mistakes Can Derail a Mall in Paris 18th Arrondissement Montmartre?

Planning a mall in Paris 18th Arrondissement Montmartre can face complications if brands overlook vital details. Common mistakes include failing to understand local zoning restrictions and neglecting to engage with the community.

1. Inadequate Research: Skipping thorough market analysis can lead to poor tenant selection.
2. Permit Delays: Not allowing sufficient time for permits can cause costly delays, sometimes up to €10,000.
3. Community Engagement: Ignoring input from local stakeholders can create pushback, impacting the mall's reputation. 4

What Is the Ideal Duration to Book a Mall Space in Paris 18th Arrondissement Montmartre?

The ideal duration to book a mall space locally often depends on the purpose of the booking. For product launches or seasonal promotions, a short-term lease of one to two weeks is typical. The area sees increased demand during events like the Montmartre Harvest Festival, which can influence booking strategies.

Quick Answer: The ideal duration to book a mall space in Paris 18th Arrondissement Montmartre is typically one to two weeks, especially during events like the Montmartre Harvest Festival.

What is mall space short-term space booking in Paris 18th Arrondissement Montmartre?

Mall space short-term space booking here involves leasing a retail area for a limited time, often ranging from a few days to several weeks. This approach allows brands to take advantage of specific events or seasonal peaks, such as the Montmartre Harvest Festival, which draws significant passing trade and enhances commercial opportunities.

What Factors Determine the Right Booking Duration for a Mall Space in Paris 18th Arrondissement Montmartre?

The right booking duration for a mall space in the area depends on several factors. The primary objective is key; whether it's a product launch, seasonal activation, or sustained presence. Budget considerations are also important, with costs ranging from €1,000 per week for entry-level spaces to €5,000 or more for premium locations near Sacré-Cœur during the Montmartre Harvest Festival. Spaces are typically booked by the week, with a minimum term of one week. Timing is essential, as peak periods like the Montmartre Harvest Festival in October can affect availability and pricing. Operational complexity, including setup and teardown logistics, also influences the required duration. Hiring temporary staff for the duration can add to the complexity and cost.

What Happens if You Get Your Booking Duration Wrong in Paris 18th Arrondissement Montmartre?

Misjudging the booking duration for a mall space in the area can lead to several issues. Underestimating setup time might result in lost sales opportunities, while over-committing to a long lease without testing demand can incur unnecessary costs. Contractual constraints, such as minimum terms and exit clauses, can complicate early departures. Local venues like the Espace Montmartre can have strict duration policies, impacting flexibility. Costs can escalate if the duration is misjudged, with penalties for early exit potentially reaching €500 or more. Recruitment of temporary staff for extended periods can also become a financial burden.

Which Business Types Get the Most from a Short-Term Mall Space Booking in Paris 18th Arrondissement Montmartre?

Businesses focusing on product launches or seasonal promotions benefit most from short-term mall space bookings in the area. The area around Place du Tertre is ideal for capturing tourist attention. A two-week lease suits brands targeting visitors during the Montmartre Harvest Festival. Short-duration bookings offer flexibility and lower risk, while longer leases may suit businesses seeking sustained local presence. The choice between short and long durations depends on the business model and target audience, with short-term leases providing a cost-effective way to test the market.

Can a mall space booking in Paris 18th Arrondissement Montmartre be extended after it has started?

Yes, extending a mall space booking here mid-lease is possible but depends on availability and the landlord's terms. Most short-term leases include an extension clause if requested at least 5 to 7 days before the end date. During peak periods like the Montmartre Harvest Festival, extensions are harder to secure as spaces are pre-booked. Platforms such as xNomad can help identify venues that allow flexible rolling terms.

What is the minimum booking period for a mall space in Paris 18th Arrondissement Montmartre?

The minimum booking period for a mall space here is typically one week. This duration allows businesses to effectively engage with the local audience and cash in on footfall. Shorter durations are generally not available due to the operational setup required. Booking for a full week ensures that businesses can maximize their marketing efforts and achieve their commercial objectives.

How far in advance should you reserve a mall space in Paris 18th Arrondissement Montmartre for peak season?

To secure a mall space locally during peak seasons like the Montmartre Harvest Festival, it's advisable to reserve at least three to six months in advance. This lead time ensures availability and allows for better negotiation on terms and pricing. Early booking also provides ample time for marketing and operational planning, ensuring a successful activation.

What happens if you need to vacate a mall space early in Paris 18th Arrondissement Montmartre?

If you need to vacate a mall space early here, you may face penalties depending on the lease agreement. Early termination clauses often include financial penalties, which can be significant, sometimes reaching up to 50% of the remaining lease value. It's vital to review the contract terms carefully and negotiate flexible exit options before finalizing the lease.

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