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Experienced Representation In Business Law, Estate Planning And Tax Law

Experienced Representation In Business Law, Estate Planning And Tax Law

We have been serving the legal needs of clients in the Godfrey area for more than four decades. Our attorneys make the law accessible to our clients, explaining complex legal concepts in plain English and helping them make well-informed decisions about the future.
Schedule A Consultation With An Attorney
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Discretionary termination clause in a lease agreement

On Behalf of | Jan 31, 2022 | real estate law |

Commercial landlords in the Godfrey area often have many issues that confront them on a weekly basis. Many of these issues are addressed in the commercial lease agreement which is why that agreement is so important. The lease is the backbone of a commercial landlord and tenant relationship and is often consulted when there are disputes.

As part of a thorough commercial lease agreement a landlord may want to include a discretionary termination clause.

A landlord may wonder if it is still important to have a discretionary termination clause in the lease. The answer continues to be yes. There are plenty of reasons a landlord may want to evict a commercial tenant including:

  • Risk of bankruptcy
  • Loss of sales
  • Growing business
  • Selling the property

The tenant must know the details of clauses in the lease including termination. It should be clear that the termination can happen at any time after the signing of the lease agreement. Also, if a tenant breaks any of the contract provisions a landlord has the authority to end the lease. A discretionary termination clause can be a way to avoid lawsuits and protect both the tenant and the landlord.

A legal professional who is skilled in business law can help a landlord draft a lease agreement that makes sense for their business. They can develop a specific and reliable termination clause and include points that protect both the landlord and the tenant. An attorney understands the importance of an air-tight lease agreement and will work with their client to develop a strategy for their success and help them meet their business goals.