Use 'Abandon' Not 'Vacate' in Default Provision

March 29, 2017
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It’s crucial to choose most words in your lease carefully, but some are even more important than others—if they would determine whether you’ve defaulted on the lease. If you and the owner agree that giving up your space prematurely will trigger a lease default or another lease obligation, such as the payment of an early termination fee, be careful how you word the agreement in your lease. If you don’t draft your lease properly, a common error can leave you in a much worse situation than you bargained for.

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