Exercising Tenant Break Options Effectively

The ability to end a lease early is a very valuable right for a tenant. This practical session looks at:

• Why many break options are worthless: original tenant problems, repairing obligations;
• Why break options conditional payment of “all monies” can be draconian – and how to ensure proper compliance;
• Getting the drafting and service right;
• Approaching conditions and timing – what to think when drafting