Reciprocal easement agreements: the legal clause reshaping US retail property
Published: March 11, 2026
Facilities Dive
Facilities Dive
Simon Property Group secured a rare forfeit of reciprocal easement agreement rights from Saks Global, removing restrictions that typically prevent shopping centre owners from redeveloping anchor-tenant spaces. The move highlights how legacy legal structures constrain modern retail asset management.
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Applicable guidelines
ISO 41001 INT
FM management systems — requirements — Provides a certifiable management system — increasingly required in public procurement and large corporate FM contracts.
ISO 41011 INT
FM vocabulary — Use ISO 41011 definitions in contracts and SLAs to ensure all parties share the same understanding of FM terms.
NEN-EN 15221 (series) EU
European FM standard series — Parts 3-7 remain in use for space measurement (Part 6) and FM benchmarking (Part 7) across Europe.