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Termination Clause for Lease of Retail SpaceThis is a thread in the Retail Space Rental Rates Discussion forums.Wondering what is the typical terms for terminating a leasing contract? Is it always stacked against the tenants? E.g. if ... |
| View Poll Results: What is the term for terminating your retail space leasing contract? | |||
| I can give X months' notice and do not need to pay any penalty. |
  
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2 | 25.00% |
| Í can give X months' notice and need to pay penalty beyond normal rentals. |
  
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1 | 12.50% |
| I can terminate without compensation if I can find replacement tenant. |
  
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2 | 25.00% |
| I can terminate but I would need to pay up the balance of the rentals due per contract. |
  
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5 | 62.50% |
| Landlord is flexible. Everything is negotiable on reasonable terms. |
  
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1 | 12.50% |
| Landlord can terminate me anytime with X months' notice with no compensation. |
  
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1 | 12.50% |
| Landlord can terminate me anytime with X months' notice with compensation. |
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1 | 12.50% |
| Multiple Choice Poll. Voters: 8. You may not vote on this poll | |||
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07-10-2013, 10:21 AM
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Member
 Join Date: Mar 2008
Location: Central
Posts: 21
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Termination Clause for Lease of Retail Space
Wondering what is the typical terms for terminating a leasing contract? Is it always stacked against the tenants?
E.g. if the retail mall landlord decides to close the whole mall for a 2 year renovation 3 months after your renew your lease and spent money on renovation, is there any recourse for you to claim compensation, or the contracts bind you to comply, with no compensation? Let's see. (Votes are anonymous) |
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