Is it possible to get out of my commercial real estate lease early?

If you’re looking to get out of your lease early, consider the following:

Negotiate with the landlord: Try to reach an agreement with your landlord to end the lease early. This could involve negotiating a payout for breaking the lease or finding a replacement tenant for the space.

Sublease the space: If you cannot end the lease, you may consider subleasing the space to another tenant. This would transfer some of the costs, but may or many not transfer your obligations under the lease.

Assign the lease: Another option is to assign the lease to a new tenant. This would involve transferring all of your rights and obligations under the lease to the new tenant, and in many cases this requires prior landlord approval.

Use a lease termination clause: If your lease has a termination clause, you may be able to use it to end the lease early. However, this would typically involve paying a termination fee.

It’s important to review the terms of your lease carefully and to consult with a real estate attorney to ensure that you understand your options and the potential consequences of ending your lease early.