Ending a Fixed Term Tenancy?
We understand the complexities and challenges that come with ending a lease prematurely, and we’re here to guide you through the process seamlessly. At The Lease Negotiator, we prioritise your business needs and work diligently to acquire an ending tenancy early agreement.
Early Lease Exit
As a business owner, unforeseen circumstances can arise that may cause you to reconsider your commercial tenancy. In such instances, seeking guidance from The Lease Negotiator can ensure your decision-making process is informed and optimal. We can offer tailored support, advising you on the various available options, and assisting in negotiations with the landlord should you require it. Trust us to help you navigate the complexities of a lease surrender and to provide you with peace of mind during this challenging time.
Early Lease Exit
Ending a fixed term tenancy on a commercial property can be difficult. It also depends on the terms of your original agreement. We negotiate the best terms for our clients, but, we also offer to negotiate with the landlord on behalf of new and existing clients to terminate tenancy agreement.
Our Experience
We understand that running a business is not without it’s difficulties, and sometimes you’re dealing with the unexpected. We have over 30 years experience in this industry, and we can guide you through.
Why Us?
We really value transparency and integrity, so when we say we act on your best interests, we mean it. If we can find a solution for ending tenancy early, we will find it and act for you if required. However, if it’s not favourable for you, we won’t endorse it, but will be happy to act on your decision, whatever it may be.
Our Initial Call
In our first call we listen to understand your property requirements and challenges. Armed with this brief, we explore the commercial landscape and consult our network of contacts to source property that meets your criteria.
Sectors
The lease Negotiator supports businesses across the UK and has experience in a range of commercial sectors, as well as office and leisure spaces. To find out more Click Here
Contact Us
Let us find the right commercial property for your business. If you’d like to discuss how we can help you then Contact Us today.
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Frequently Asked Questions
A commercial lease is a legally binding contract, which will have an end date (termed lease expiry) which is referenced in the lease. If your lease is not about to end, does you lease contain a tenant break clause, allowing you to exit the lease earlier. Break clauses within commercial leases are normally subject to service of notices and are subject to conditions, which are outlined within the lease. Before serving a break notice, take professional advice.
Depending on the original lease terms agreed, you may also be able to assign your lease or sublet (underlet). Although this will involve marketing the property and finding a third party.
Alternatively, if you have exhausted all these options, the landlord could be approached to negotiate a lease surrender, which has the effect of bringing the lease to an end early.
This will depend on how the lease was originally negotiated and what options you have available to you. The lease can be brought to an end on lease expiry, by a break clause or by agreeing a lease surrender with your landlord.
If a commercial lease is “Contracted Out” the lease ends on the day of the lease expiry. No notice is required.
If the lease is protected by the Security of tenure provisions of the Landlord and Tenant Act 1954 Part II, the landlord will serve a section 25 notice, giving his grounds for objection and 6-12 month’s notice is required to bring a tenancy to an end.
This is subject to negotiation between a landlord and tenant (or their representatives). The cost will depend on how long the lease has remaining, the annual rent and other costs and will be dependent on the negotiating strengths of the parties. For example, does the landlord want the property back?
Not Sure Where to Turn Next? The Lease Negotiator Can Help.
You may have already undertaken some preliminary research, which has failed to produce any suitable opportunities for your business. Not only can we find the right property for you (unless you have already found one), but with our knowledge and expertise of the commercial property market, we safely guide you through the lease negotiation process.