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ARTICLE · 16 SEPTEMBER 2021

Terminating a retail or commercial lease

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Terminating a lease needs a careful consideration of rights and obligations of the landlord and tenant to end the lease.

AustraliaReal Estate and Construction
Cameron Graf
Cameron Graf
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Entering into a lease is a significant legal and financial commitment for both the landlord and tenant. Whilst a lease agreement typically tries to contemplate anything that can go wrong during the term of the lease, circumstances can change quite dramatically over the course of a few years. If the landlord-tenant relationship breaks down, but they cannot reach an agreement about ending the lease early, then their respective rights to terminate the lease and obligations can become contentious issues resulting in costly legal battles. For this reason, it is critical to understand the risks and consequences of improperly terminating a lease. Additionally, you should understand:

  • what options are provided to you by the lease agreement or the general law; and

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