Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

What is the term used to describe the fear of small tenants that a major tenant may go out of business?

1. Quiet Enjoyment

2. Going Dark

3. Subleasing Fear

4. Market Vacancy

The correct answer is: Going Dark

The term "Going Dark" refers specifically to the situation where a major tenant in a commercial property shuts down its operations and vacates the space, even though it may still technically be leasing the property. This can create significant anxiety for the smaller tenants within the same complex or building, as they often rely on the foot traffic and visibility generated by the major tenant. If the larger store closes, it can lead to a decline in overall customer traffic, impacting the smaller tenants' sales and viability. Smaller tenants may fear that if a major tenant goes out of business, it could provide potential negative implications for their own businesses, including decreased customer traffic and a resultant dip in revenue. This fear is particularly potent in retail spaces where the success of individual businesses is often closely tied to the performance of larger anchors or major tenants in the same location. The other options refer to different concepts within real estate and leasing. "Quiet Enjoyment" is a legal term that pertains to the right of tenants to possess their rented premises without interference. "Subleasing Fear" suggests concerns about the potential issues arising from subleasing, which is not specific enough to address the situation of a major tenant closing. "Market Vacancy" instead focuses on the overall rate of unoccupied