The act of surrendering a commercial lease occurs when the landlord consents to the transfer of the tenant’s interest and both parties mutually agree to terminate the lease agreement. Formal implementation through legal documentation is one approach that can be employed, while not always required. In the event that both the landlord and tenant reach […]
A commercial lease’s break clause is a clause in the agreement that permits the landlord or the tenant to leave the lease early, usually before the agreed-upon period. It gives either party the option to end the lease by giving notice within a predetermined window of time, provided that certain requirements outlined in the lease […]
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