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Can a commercial lease be terminated early ?

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0 2022-01-31T21:17:45+00:00
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Hey there,

If you want to rent a commercial space for your shop or showroom. It is important for you to be aware of several facts about commercial lease. Residential and Commercial rental agreement and lease differ slightly. I will be answering one of the biggest questions, can a commercial lease be terminated early. Take a look at my answer to know more.

How to break a commercial lease ?

Since commercial lease is a legally binding contract, you cannot end the lease on a whim.

A landlord can break a commercial lease by negotiating a deal of surrender with the tenant. Both the parties (landlord and tenant) will have to agree to bring the lease to an end.

On the other hand, early termination of commercial lease agreement can be done if the lease has a break clause.The process of lease termination will depend on technical details mentioned in the forfeiture clause.

There are two methods for a landlord to terminate commercial lease :

  • forfeiture by peaceable re-entry

  • issuing court proceedings

To answer your question can a commercial lease be terminated early ?

Yes, commercial rental lease can be terminated upon communication of equivocal intention to bring the lease to an end. The lease also ends if there has been a breach of contract. Refer to the termination clause in your residential or commercial lease.

This is all from my end on how to break a commercial lease. If you need more help, I would recommend consulting with a law personnel.

Rent the property of your dreams ! Check out the real estate platform NoBroker to see rental spaces in your area. If you want help with end to end legal services including the scrutiny of technical documents and reports, Check out NoBroker Legal Services. Read more : What is commercial lease agreement?    how to lease a commercial space    How do most tenants find commercial property to lease?    

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