How to break a Commercial Lease
There are many examples in which a lease is broken between LESSOR and LESSEE. It could be for residential and commercial one. It includes various types of approaches while breaking a leasing. One can do it by following the below steps:
When and why you should break your lease
It is very important that you should come to know when and why you go for lease breaking when you decide of breaking your commercial lease in a planned manner. In case of any genuine circumstances, you can follow all terms and conditions and break the lease and by doing you will save yourself from penalty.
A good communication with LESSOR prior to Lease Break
It is very important that you should have a good communication with your landlord especially informal chat about breaking the commercial lease so that you could know about the facts and the procedures and also know your landlord’s thoughts about the commercial lease termination in a receptive manner before signing the lease bond. It is always better to know your landlords behavior.
Give some Incentives to your landlord but when and why
If there is an argument between LESSOR and LESSEE regarding the breaking of commercial lease, then LESSEE can always assure his landlord of getting another tenant before he/she moves out or vacate the commercial space. This might lead to a peaceful settlement between LESSOR and LESSEE.
Abide by all the terms and condition
It is important a LESSEE should abide by all terms and condition and a person has to execute all the obligations and follow legal terms as mentioned in the lease agreement. The lease term also states that a LESSEE has to pay the rent till a new LESSEE arrives even though you are no longer residing in that commercial place or not using at all.
Hire a Lawyer if the need be
In some cases LESSOR does not agree to end commercial lease with ease, in such situations you should approach a lawyer. Otherwise you can also break a lease without a lawyer, but some time hiring a lawyer will give the LESSEE maximum protection. It is always significant that a LESSEE should read the entire document carefully before signing the commercial lease. Consider the exit terms and conditions.