Sylvia owns and operates Sylvia's Trophies. Sylvia's Trophies is a small tenant in a shopping center. In 2021 Sylvia was often overdue in her rent payments, but made payments by the 10^th day of the following month. In three instances, her Landlord, Kraftco, contacted her by phone or e mail reminding her that payment was overdue.

On January 15, 2022 Kraftco sent Sylvia a written notice stating that January rent was overdue and that a late penalty would be required in accordance with the Lease equal to 5% of the January rent. Three days later on January 18, Kraftco received Sylvia's payment of base rent. However, her payment did not include the late fee and did not include the monthly CAM charge

No further payments are received from Sylvia and on February 15, 2022 Kraftco's property manager enters the Leased Premises. Although the property manager enters during regular business hours for the Shopping Center, the door is locked, no one is present, and all furniture, merchandise, and possessions of Sylvia's Trophies have been removed. The property manager attempts to reach Sylvia by phone, which is disconnected, and by e mail but receives no response.

 

What lease terminology (single word) may be used to describe this situation?

Aside from the loss of an individual tenant, why would Kraftco be concerned about how Sylvia's departure might effect the shopping center?

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