As the needs of your business change, you may wish to get out of the lease on your premises. This is seldom easy. A lease is a legal contract, and your landlord can take you to court if you break it. But depending on the detailed circumstances, your landlord may be prepared to negotiate a compromise.
This briefing will help you decide if it is worth trying to get out of your lease, and provides you with key negotiating points if you go ahead.
It covers:
- The key terms in your lease.
- The two ways to get out of a lease — termination or assignment.
- Your third option — sub-letting.
- The costs involved.
