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Getting out of a Lease
8. Market Conditions
Market conditions will determine how easy your negotiations with the landlord are, particularly if you are negotiating to terminate the lease early.
8.1 If the property market is strong (and rents and occupancy rates are high), your landlord is more likely to agree a deal.
- In these conditions, the landlord can expect to find a new tenant soon and perhaps to increase the rent.
- You may even be able to negotiate a cash premium for leaving the premises.
8.2 If the property market is weak (and rents and occupancy rates are low), your landlord may be extremely reluctant to agree a deal.
- You may have to pay a financial penalty to get out of the lease.
Labels: Premises, Reduce Costs
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