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Can I Terminate a Commercial Lease Early?

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0 2024-07-25T19:52:02+00:00
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Wondering can I terminate a commercial lease early?

Terminating a commercial lease early can be challenging, but there are strategies you can explore:

  1. Subleasing Vacant Space:

    • Consider subleasing part or all of your leased commercial space to another business.

    • The original tenant becomes the sub-landlord, and a new tenant takes over the lease for the remaining term.

    • Ensure you have written consent from the landlord.

  2. Negotiate a Lease Buyout Agreement:

    • If you need to exit the entire space, discuss a lease buyout with the landlord.

    • Negotiate terms that work for both parties.

  3. Assign the Lease to a New Tenant:

    • Find a replacement tenant who is willing to take over the lease.

    • The new tenant assumes the existing lease terms.

I hope this helps you understand can you get out of a commercial lease early.

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