- Category: Leases & Titles
Break options and clauses are a popular addition to leases of commercial properties; a handy addition to any lease agreement or contract in real estate that is beneficial for a landlord and tenant.
In the main, you see them most in regular lease agreements of commercial and business premises with a break option in there. However, they can still be within residential longer leases and shorter-term agreements.
What is a Break Option Clause?
When looking at what a break option clause means - they allow one party to terminate the lease agreement before the end of the natural term.
So, the lease may be five years long, however, a landlord or tenant may have the option to end or break the lease after say the third year.
But in terms of what...Write comment (0 Comments)