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Commercial Lease Termination Option

Book Publication Date: Nov 2013
Description: Especially In uncertain economic times flexibility will be important to parties to commercial leases. One way to provide such flexibility is to include a termination option in the lease. This sample option to terminate allows the tenant to terminate with adequate notice to landlord, if all other terms of the lease are complied with.
Type: Contract Clauses
PLI Item #: 60627
Practice Area: Commercial leases, Real estate, Real estate leasing

Keywords: "real estate"; "commercial real estate" landlord; tenant; lease; "termination option"; "option to terminate"; "termination date"; "termination payment"; "additional rent"; notice; "grace period"

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