Necessity Of Breaking A Commercial Lease The Right Legal Way

Whether your business requires setting up a showroom or a warehouse

, you need space for that purpose. Instead of buying a property in Atlanta, many businesses prefer to opt for leased ones. The reason is that the security deposit is usually lesser than the down payment. In such circumstances, what if you get a leased commercial property and then face difficulties that make it necessary to break the lease agreement.

Breaking a commercial lease agreement requires to follow a proper process. You need a real estate lawyer practicing in Atlanta to do this the legal way. If you breach the terms and conditions, you may face difficult legal hassles. It also does not help when you try to negotiate your way out of the deal.

The first thing to do is talk to the property owner regarding your intention about terminating the lease. Explain the reason for your decision as the space does not suit your present requirements or it exceeds your budget because of your present financial crunch. You can also try, with the help of your lawyer, to modify the terms of the lease, e.g. shorten the duration of the contract, let you rent another property of the owner, let you sublet the space, and so on.

If it seems impossible to make the property owner understand and see reason, you had better let your real estate lawyer review the lease. It is sometimes possible to find a particular clause that may help you terminate the agreement in a lawful way that does not give rise to difficult consequences.

A competent Atlanta real estate lawyer can help you find such a way. The probable issues to consider are as follows:

Whether there is the need of a cause to terminate the lease? If yes, what causes are acceptable?

Whether there is the option to sublet the property?

Whether there were any fraudulent activities on the part of the landowner? If yes, do they qualify as grounds for termination of lease?

It is necessary to break the lease the legal way. Otherwise, you may face difficult situations like a lawsuit claiming compensatory damages. The landowner may also lock you out of the property and keep your security deposit on grounds of breach of contract. It is wise to let your real estate lawyer handle the situation to reach a resolution that suits your requirements and your finances.

If you are searching for an Atlanta based criminal lawyer, or divorce lawyer, or the lawyer practicing personal injury, tax, civil rights etc., 800 Atlanta Lawyer directory is one of the authentic lawyer resource that can show you the way.

by: James Blatt

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