Common Contracts
1 similar Commercial Lease Termination Agreement contracts
Mutual commercial lease termination agreement pdfCommercial Lease Termination Agreement • August 7th, 2022
Although a commercial lease is a legally binding contract, you might find yourself in a situation when you need to terminate it before it ends. A typical commercial lease agreement is a complex legal document usually drafted and negotiated by commercial lawyers. You’d expect both parties make it hard for the other party to end the lease early. This is why we always recommend to consult a commercial lawyer before going ahead with an attempt to negotiate a Commercial Lease Termination Agreement with the other party – consequences of doing it wrong may hurt your business financially and even bring legal action against you. If you have to terminate your commercial lease agreement, you might be able to do it when your situation meets one of these conditions: A breach of the commercial lease agreement: You may terminate a lease when the other party breached a material term of the lease. The meaning of a material term is not as easy to determine as checking a dictionary. If challenged in cour
