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Commercial Lease Termination Option

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.
Form Type: Contract Clauses
Practice Area: Real Estate

Date: Nov 2013
PLI Item #: 60627
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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