Breaking your industrial lease.

Industrial tenant & leasing advice
Written By Jaclyn Yanko

Facing the need to terminate your commercial lease early? Whether circumstances have changed unexpectedly or your business requires a new direction, understanding your lease termination options is crucial.

Common Questions When Considering Early Lease Termination

  • Can I legally break my lease agreement?

  • Am I financially responsible for the remaining lease term?

Typically, tenants remain financially and contractually liable for the duration of the lease unless specific provisions allow otherwise. However, several potential solutions can help ease this burden:

Lease Termination Strategies to Consider

  • Consult with the Landlord: Open dialogue may uncover flexible solutions, including potential early release agreements or lease renegotiations.

  • Engage a Commercial Real Estate Broker or Contract Lawyer: Professional guidance ensures you understand your rights, obligations, and legal avenues.

  • Early Release Clauses: Some commercial leases include clauses permitting early termination. Request such provisions during initial lease negotiations to safeguard future flexibility.

  • Lease Assignment or Subletting: With landlord approval, finding a replacement tenant to assume your lease obligations can mitigate ongoing liabilities.

  • Legal Recourse: If lease termination is necessary due to landlord non-compliance or other valid reasons beyond your control, seek legal advice promptly.

Reach out today:
Email: jonathan@lennard.com
Phone: 416.471.0904

Let us help you make informed decisions that align with your business needs.

Jaclyn Yanko
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