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Provision often embedded within a lease
- A break clause, also known as an exit clause or release clause, is a provision often embedded within a lease, offering parties an opportunity to terminate the agreement under specific conditions. These conditions might be after a certain period or due to a particular event.
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Definition. A break clause, also known as an exit clause or release clause, is a provision often embedded within a lease, offering parties an opportunity to terminate the agreement under specific conditions. These conditions might be after a certain period or due to a particular event.
Jun 11, 2019 · A break clause is an explicit right for the landlord, tenant or both to terminate the lease at an agreed point. Learn about the usual lease provisions, the main conditions for a break to be effective, and the points to consider before exercising a break right.
Learn how lease break clauses protect both landlords and tenants in case of early lease termination. Find out the legitimate reasons, rental obligations, and legal rights involved in lease breaks.
Jul 26, 2018 · Learn about the common conditions and pitfalls of break clauses in commercial leases in Ireland and the UK. Find out how to comply with the notice, rent, vacant possession and other requirements to terminate a lease prematurely.
Dec 3, 2015 · Learn what a break clause is, how it can benefit tenants and landlords, and what conditions and pitfalls to watch out for when negotiating a lease. Find out how to serve notice, comply with the Lease Code, and avoid disputes over vacant possession.
A practice note on the content of a typical break clause in a lease, its relationship with other parts of the lease, and issues that can arise on its exercise, including the problems with compliance with conditions and the implications arising when a break notice cannot be withdrawn. Get full access to this document with Practical Law.
A break clause is a clause in a contract that allows a person to end the contract early. Learn about the conditions, notice provisions and examples of break clauses in leases and other agreements.
