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BUSINESS INFORMATION SHEETS > PREMISES > Getting out of a lease (PR 5)

Tricky negotiations

As the needs of your business change, you may wish to get out of the lease on your premises.

This is seldom easy. A lease is a legal contract, and your landlord can take you to court if you break it. But depending on the detailed circumstances, your landlord may be prepared to negotiate a compromise.

This briefing will help you decide if it is worth trying to get out of your lease, and provides you with key negotiating points if you go ahead.

It covers:

  • The key terms in your lease.
  • The two ways to get out of a lease - termination or assignment.
  • Your third option - sub-letting.
  • The costs involved.

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