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Some business owners may apply for the termination of a commercial lease for a wide range of reasons, such as lost revenue, deterioration of ownership, bankruptcy or changes in the structure of the business. The landlord and tenant may agree in writing at any time after the start of the tenancy agreement to terminate the tenancy agreement before the expiry of the tenancy period. The termination agreement clearly indicates that tenants and landlords agree to agree to terminate the contract. Under a termination agreement, the tenant abandons the property and the landlord agrees to exempt the tenant from other contractual obligations. However, the lessor may retain the right to sue for damages in the event of early termination or to charge a tax for early termination. Other reasons why you can legally break a commercial lease: a commercial lease may include a clause allowing the tenant to terminate the lease without being required to pay the balance of the lease. This early termination clause is sometimes referred to as a break clause. Certain conditions must be met before the tenant can exercise his right to terminate the contract before the tenancy period expires. The tenant intends to terminate the contract in a timely manner. Most break clauses provide that the tenant has the right to terminate the contract early for a certain period of time. For example, a commercial tenancy agreement may contain a break clause that may give the tenant the right to early termination no earlier than one year after the lease begins. Behaviour includes handing over the keys to the owner and the landlord who takes the receipt for the lease to expire.

Both options would, however, require the lessor to agree to the tenant to abandon the tenancy agreement. The landlord may also demand payment as “compensation” for the loss of rental income. If the landlord wishes to set a commercial lease at an early stage, he can ask the tenant to return it. In this case, the tenant is not obliged to accept and can accept the tax for the payment of a premium. The expiry procedure depends on the nature of the tenant`s offence. When the landlord tries to lose the lease for non-payment of the tenant`s rent, it is generally not necessary to serve the tenant. In the event of violations other than non-payment of rent, the landlord must send a notification in accordance with point 146.

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