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Home Business Advice General Advice Getting out of a Lease
Friday, 21 November 2008
Getting out of a Lease -
Article Index
Getting out of a Lease
Why Go?
Your Basic Choices
Your Lease
Terminating the Lease
Assigning the Lease
Sub-letting Your Premises
Finding a Tenant
Market Conditions
Your Negotiating Position
Avoiding Disputes
What Will It Cost?

Getting out of a Lease

10. Avoiding Disputes

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It is not always possible to avoid disputes, but you can take steps to minimise the risks.

10.1 Ensure you understand and agree with all the clauses in the lease before signing it.

  • Use a professional adviser to explain all the terms and obligations.
  • Ensure you do not breach any of the terms in the lease and follow the correct procedures when exercising your rights

10.2 Agree a procedure for resolving disputes and get it included in the lease before you sign.

You can agree how formal the procedures should be and who should act as the arbitrator or mediator.

  • It can be cheaper, quicker and more flexible to resolve disputes this way.
  • Ask your Trade Association if there is an arbitration scheme for your industry.
  • Contact the Chartered Institute of Arbitrators (020 7421 7444).
  • Some courts offer mediation facilities.
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