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Early Termination Provisions: A Landlord's Saving Grace … If Done Right

The focus of this article is the “early termination provision,” a lease provision that affords landlords the tactical advantage they need. Specifically, this article seeks to: 1) guide the practitioner through the pitfalls of a poorly drafted termination provision; and 2) advise the practitioner how to craft a proper and effective termination provision.

18 minute readNovember 01, 2018 at 12:05 AM
By
Menachem J. Kastner
Ally Hack
Early Termination Provisions: A Landlord's Saving Grace … If Done Right

To commercial landlords, the ideal lawyer is one that can predict the future. And in the context of buying and selling New York City real estate, that means lawyers who can craft lease provisions to pre-emptively thwart tenant-holdouts seeking cash buyouts in exchange for surrendering and vacating their premises.

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