Most business owners rent property for their business with full intent to fulfill their lease agreement. However, things can unexpectedly change causing the business owner to make some financial adjustments. Your company may not be as successful as you hoped resulting in loss in revenue. You may be experiencing a significant growth in revenue causing you to outgrow the rented space. Whatever the case may be we understand that these are circumstances that are completely out of your control, but your landlord may not be as understanding. Getting out of a commercial lease agreement can be hard, but it’s not impossible. Here are a few tips we think will tip the favor your way.
Be Honest. People don’t like being lied to. Be completely transparent and upfront about your predicament. Bring any relevant paperwork you think will help your case.
Be Helpful. Try to find another tenant to replace you before you speak with your landlord. They will be more willing to end your lease if they know that another occupant is lined up to take your place.
Be on time. One of the worst things you can do is have a running tab with your landlord and try to skip out on the bill. Pay off everything that is due before you approach the topic of ending your lease early.
Be Confident. Approaching your landlord can be a scary task, especially if you are not on good terms. But if your goal is to end your lease you have to show that you are fearless, or at least come off that way.
For more information on how we can help you with your lease agreement and much more please click here!
– The Sorensen Team