Your commercial lease isn’t necessarily unbreakable

| Feb 7, 2020 | Commercial Real Estate Leases |

If you have experience dealing with various landlords before, then you probably are well aware that no two lessors are the same. While many are looking to make an honest dollar, countless others have ulterior motives in mind. If you are dealing with a problem landlord, then you may be wondering what your chances are of breaking your lease. There are instances in which you can lawfully do that.

One of the most common situations in which a lessee can lawfully break their lease is if their landlord fails to adhere to their contractual obligations.

Leases detail responsibilities that both you and your landlord must keep to each other. A lessor must generally maintain their premises reasonably clean and safe. They mustn’t allow other tenants to take over or use your space without your expressed consent. There are many provisions in lease agreements.

If the property owner does anything to make your space unsuitable, then you may simply be able to advise them that you’re terminating your contract.

Your lease will generally detail what steps you need to take to terminate your contract. It may require you to give a certain notice period before you vacate it. You may need to negotiate a settlement with your landlord if your lease doesn’t specify the terms for ending your agreement. In many instances, the termination of a lease can be handled outside of court.

If you find yourself needing to break a lease for personal reasons, whether it’s because you need a different sized space or one in a different area, then you should talk it over with your landlord. They may allow you to break your existing lease and enter into a new one. You may have to pay a fee or enter into a longer contract for them to allow you to do this though. You should review your lease to see what it says about subleasing your unit in this instance.

There are alternatives that you can pursue if you can’t sublease your unit or break your contract. One option is to find someone to buy-out your lease. You can also pay a fee to be released from your agreement. An attorney in Hollywood can review your contract and help you negotiate a settlement in your Florida legal matter. Let a lawyer experienced in helping clients with commercial lease issues help you.