Commercial Lease Termination Agreement (England and Wales)

A Commercial Lease Termination Agreement is utilized when the parties to a commercial lease consent to terminate the original lease before its expiration date. Having a written termination agreement is beneficial as it clearly sets forth all the terms relating to early termination of the lease, including any termination fees. Having a written Commercial Lease Termination Agreement will prove valuable in the event of misunderstandings or litigation. (continued ...)