Real Estate
Net Lease
Georgia
Can a tenant terminate a net lease agreement before the end of the term?
I am currently leasing a commercial property under a net lease agreement, where I am responsible for paying rent as well as a share of property expenses such as taxes, insurance, and maintenance costs. However, due to unforeseen circumstances, my business is struggling and I am considering terminating the lease before the agreed-upon term ends. I am unsure if this is legally possible under a net lease and I need clarification on my rights and any potential consequences or penalties involved in terminating the lease early.
1 Attorney answer
Answer
Real Estate
Georgia
Thomas D.
ContractsCounsel verified
Unless the landlord failed to maintain the property or failed to abide by other terms of the lease, the tenant cannot normally terminate a lease early. I would need to review the lease. Tom