A lease surrender occurs when you want to leave your space and return it to the landlord. Your ability to do this depends on the terms of your lease and your negotiating power with the landlord. If you have questions, would like additional guidance, or want more information on this topic, please contact us here. We can help you negotiate the lease surrender and ensure that once you hand back the keys, you will be released from any future liabilities.
Negotiating a solid lease may be the most important factor in the success of your restaurant.
If you are buying a business, you will usually have the existing lease assigned to you by the buyer.
Before you sign a lease, you have to inspect the space to make sure that you can use it for the purpose that you have in mind.