It doesn't matter how good your relationship is with your landlord; if you plan to break your commercial lease, it can be as messy as a divorce. The reasons for breaking an office, retail or industrial lease are many and varied. But, usually, it's due to size or budget.
Whatever your motives, the success of your lease exit strategy depends on market conditions and the terms of your lease. Should things not go to plan, landlords are entitled to their quantified losses. And this can get very expensive!
Luckily, when it comes to creating and executing a lease exit strategy, especially post-COVID, Tenant CS are highly experienced. Depending on your circumstance, we can:
Sublease your space to another company – in total or in part. This strategy can come with many benefits. And, done right, it will minimise risk and cost.
Assign your lease to another company – i.e. finding another company to take over your lease. Generally, this results in the best outcome because it transfers your lease obligations to another business. However, it's a more complicated strategy that requires the right replacement tenant and a good landlord negotiator.
Negotiate a lease surrender – it may be possible to agree on an early exit. But be prepared for a ‘payout’ to your landlord. To minimise this surrender fee, we use market intelligence, knowledge of your landlord’s property motivations and negotiation nous.
When it comes to breaking a commercial lease, Tenant CS knows what to negotiate and how to mitigate your risks and losses. So, get in touch with a member of our team today!
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Tenant CS generated some substantial savings for our business. They communicated regularly with us, were very accommodating to our needs and were highly professional in their approach.
Facilities Manager, Pernod Richard
'Excellent job with entrepreneurial flair'
The level of service delivered was excellent and beyond what we expected. The team did an excellent job, running the project professionally and with entrepreneurial flair.
Country Manager, Schaeffler
'We saved on rental as well as time'
Thanks to Tenant CS, we managed to save on rental as well as time. We have no hesitation recommending Tenant CS and will certainly use their services again.