Commercial Office Lease Without Termination Clause
Description
How to fill out Florida Office Lease - Short Form?
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FAQ
You will still be liable under the terms of the lease. Unless you are insolvent, the landlord is likely to take legal action against you to recover any money you owe, and their legal costs. By simply walking away, you are likely to reduce the chances of a new tenant taking over the premises soon.
If there's no break clause in your agreement, you can't leave your tenancy early unless your landlord agrees. If you need to leave your tenancy early, perhaps because of a change of circumstances, speak to your landlord and put your situation to them.
Break clauses A break clause is written into the commercial lease from the outset and allows a Tenant (and even a Landlord) to end a lease early by serving a notice on the other party.
A break clause in a commercial lease (also known as an option to determine) is fairly common. It allows both parties flexibility if any issues or changes in circumstances occur, and provides the parties with a mechanism to terminate the agreement early, if certain criteria are met.
As a tenant, getting out of a business lease is not always as easy as you may think. A lease is a legal contract, and your landlord can take you to court if you break it. But depending on the circumstances, your landlord may be prepared to negotiate a compromise.
