Draft Airtight Termination Clause

August 28, 2018
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Owners of office building and retail space typically are very reticent to give a termination right to tenants in their leases. Owners run the risk of losing a large amount of money; allowing a tenant to get out of its lease early can render costly improvements and other expensive items associated with renting to the tenant useless for reletting the space.

So if you get a hard-won termination right, you should be very careful when drafting this provision in order for it to be effective.

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