Tenant’s break options—what do you have to pay? By Mark Sefton & Oliver Radley-Gardener
It is not uncommon for commercial leases to include a tenant’s break option, and, where they do, the date on which the tenant can break the lease is often less religiously tied to the major festivals of the Christian cycle. Sometimes, in other words, the break date falls somewhere between two rent days.
Conditions apply
Normally, the break option will be conditional on the tenant having paid all the rent due up to the break date. But what does that mean, if the break date happens