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Break Clause in Commercial Lease

ok so almost three years ago, we signed a 6 year lease for an industrial unit which has a 3 year break clause.

What I want to know, is, if I don’t leave at the 3 year mark (the time of the break clause), am I then held liable for the full 6 year term or can I leave at any point after the 3 years break clause?

Comments

  • Savvy_Sue
    Savvy_Sue Posts: 47,531 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What does the lease say?
    Signature removed for peace of mind
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    let me get my invisible contract reading kit out

    yes, yes, the mists are clearing, i see it now

    my written answer is:
  • ukbill69
    ukbill69 Posts: 2,790 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Most leases let you get out half way through with a cost, but this is depending on your lease. Check your lease and read it, if you dont know then pay a commercial solicitor for an hours work to tell you. Prob cost £100-150
    Kind Regards
    Bill
  • I think the whole point of a break clause is that EITHER party can choose to terminate the lease.
    To answer your question yes you can or maybe you can or no you can't.
    One of those will be correct but as I have not read the lease I'm guessing.
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