Whatever the situation, if you want to terminate your commercial lease prematurely, a responsible landlord is advised to consult with a business lawyer before they take the first step. A letter of credit termination is a notice that allows you to terminate a rental agreement prematurely or to confirm that a tenancy term is not renewed. It is in the interest of both parties to ensure that the cancellation contract contains a clause that exempts you both from any form of mutual liability. Here`s what a standard release period might look like: It should be clear that your landlord doesn`t hold you responsible for any additional fees or rents after the termination date. A typical commercial lease is a complex legal document, usually designed and negotiated by business lawyers. The fundamental concepts that should be included are: however, in our experience, it is possible to find a compromise and a reasonable solution to terminate at an early stage a commercial lease with solid legal advice to achieve a favorable outcome for your business. No document can prevent lawsuits, but if you and your landlord sign a cancellation contract, it will make the paths of both much clearer and ensure that you are both on the same page about your release date, the condition of the apartment, the refund of the deposit and all fees. A signed agreement can also help you defend yourself if things get furious. If you need to terminate your commercial lease, you may be able to do so if your situation meets one of these conditions: If you`re worried that your landlord won`t agree to release you from your lease, you can try to find tenants, which is faster with less fees…