In terms of property management, what is a primary concern of including a non-compete clause?

The primary concern of including a non-compete clause in property management is to restrict a tenant from operating a competing business. This clause is often included in commercial leases to protect the interests of the property owner and ensure that their existing businesses are not undermined by tenants who may offer similar products or services in the same location. By preventing competition within the same premises, the property owner can maintain a stable tenant base and potentially enhance the overall value and attractiveness of the property to prospective tenants, as it fosters a mutually beneficial environment among the tenants.

In a commercial context, this helps in avoiding conflicts that could arise if multiple businesses in the same sector operate in close proximity, thus promoting a conducive atmosphere for business.