Key Protections the Landlord Should Obtain When Negotiating Early Termination Rights
Nov 1, 2002 | Article
Written by: Jeanne Banka and Joseph Grignano
Commercial Leasing Law & Strategy, Vol. 15, No. 6
One of the rights that the landlord sometimes has to grant to the tenant is the right to terminate the lease before its natural expiry. This concession may be crucial to securing a desirable tenant or, in other instances, may persuade a reluctant tenant to sign a lease during uncertain economic times.
The exercise of an early termination right is risky to the landlord.
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