Mixed-use downtown building agreement: integrating commercial and residential obligations

Mixed-use buildings in downtown areas combine residential and commercial tenants under a single ownership structure. Agreements must reconcile conflicting interests, such as noise levels, signage rights, and shared maintenance obligations. Zoning codes often impose additional requirements for parking or affordable housing components.

Drafting must address allocation of expenses between retail and residential components, dispute resolution procedures, and lender consent for major changes. Courts generally enforce mixed-use covenants if they are specific and consistent with public policy. A comprehensive agreement can harmonize competing uses, protecting both investment value and community character.