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Office move – ending a lease

Lease contract, close-upMost companies lease an office or building on a long-term basis and getting out of this lease is critical; otherwise, moving could be an expensive problem.

One of the first things you need to do is examine the terms of your lease. Check the end date for your tenancy of the building and do your best to fit in your move around this to minimize costs. You can also check your lease for a ‘break’ option that allows you to leave early.

When you are putting together the timetable for your commercial relocation it will be these dates that are key. Most leases will penalize you for going over this date and this may be very costly. Any office move will require several months of planning and this means that you can give plenty of notice to your landlord, who could be asking for six months’ notice or more.

Enlisting the help of legal or specialist services to help you to negotiate your way out of your lease can be useful. There may be tricky situations to get through, which can be much easier with the help of professionals.

You may find that you have to spend a lot of money getting the building back to how it was before you moved in, as over time you may have added things such as partitions that will have to be removed at your own expense. Check this with the landlord, as they may be happy to do it for you for a fee.  

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