How To Get Out of a Bad Commercial Lease

Full Video Transcript

Are you having trouble with a commercial lease? Unfortunately, it’s all too common: A business owner signs a multi-year commercial lease and finds themselves in hot water if the business begins to fail. Even worse, many times, the business owner is required to personally guarantee the full lease amount. But don’t worry just yet. If you’re in trouble on a lease, there may be ways out. There may be an opt-out provision or a way to cancel the lease early. Sometimes, you may even be able to cancel if your business revenue falls below a certain margin. Finally, if the landlord hasn’t lived up to its promises, that could be a basis for terminating a bad lease. While every situation is different, many commercial leases include typical provisions, and an attorney will understand. For more information about how to get out of a bad commercial lease, contact an attorney in your area today.