The approach to take will very much demand on the relative strength of the tenant and building owner. Factors to consider include : market supply/ demand, building occupancy, micro - market competition, tenant’s alternative, building’s shortcomings, etc. It is better to secure a mutually agreeable solution than to pursue a mutually damaging litigation.

Depending on the market, you can play hardball or softball. If it’s likely you’ll find a replacement tenant on better terms, you can let the tenant go, requiring them to cover related costs like fit-out, downtime, legal, and broker fees. If the market is slow, convincing the tenant to stay may be necessary. You can stress the binding nature of the lease and their rent obligations, while also offering cooperation on subleasing, temporary rent relief, or other incentives to encourage them to remain.

Tout dépend du marché. - Si on est sur un bail commercial c’est très problématique car on ne loue pas en 5 minutes ! Il faut bien discuter avec le locataire et comprendre ses raisons (si par exemple il est en mauvaise situation financière il faut l’accompagner et rapidement mettre en publicité) - si on est sur un bail habitation en france de manière générale le locataire a un mois de préavis il convient de remettre le bien en publicité au plus vite - et c’est la qu’il est très important d’avoir de bons rapports avec lui afin qu’il vous laisse faire des photos et visites.

When facing an early lease termination request, my first step is to review the Tenancy Agreement with the Tenant. I ensure all terms are clear, and, if needed, involve a lawyer to go through specific clauses with the tenant, setting a transparent foundation. Next, I arrange a sit-down discussion with all parties (Landlord, Tenant, etc) to foster an open, amicable dialogue. Here, I listen to the tenant’s reasons and explore possible solutions, like subletting options, temporary rent adjustments, or negotiating a fair exit fee if termination is the only option. This approach combines legal clarity with open communication, helping to reach a solution that protects interests while maintaining a positive tenant relationship.

Early lease terminations can be a delicate dance. The key? Balancing your interests with those of your tenants. Start by understanding their reasons. Is it financial hardship? Downsizing? Relocation? This insight guides your approach. Consider offering alternatives: • Subletting options • Reduced space at a lower rate • Short-term rent reduction If termination is inevitable, negotiate favorable terms: • Termination fee to cover costs • Extended notice period • Assistance in finding a replacement tenant Remember, maintaining goodwill can lead to future opportunities. A flexible approach now might result in a returning tenant later. How will you turn this challenge into an opportunity?

When a tenant once requested early lease termination due to a job relocation, I listened to their situation and offered to help find a subtenant. This empathetic approach led to a seamless transition, minimizing my vacancy risk while accommodating their needs.