We get it; business moves fast, and leases can sometimes hold you back. There are typically three ways to approach this:
1️⃣ Assignment of Lease: This is often the simplest way, but it keeps you as the tenant responsible.
2️⃣ Subletting: Usually, it’s not straightforward and might not be allowed in your new lease.
3️⃣ Surrender of Lease: This method involves negotiation and can require significant payments to your landlord. Surrenders can be especially useful when you’re selling your business, as it can help cover the costs and provide a new tenant for your landlord.
However, all these options require negotiation skills, a good relationship with your landlord, and a solid grasp of your lease terms.
At Olawill, we specialize in making this process smoother for you. We take the time to understand your unique business circumstances and use that insight to navigate your lease effectively, ensuring that it serves your business rather than hinders it.
Don’t let your lease be a roadblock to your business goals. Contact us today for a free consultation, and let’s discuss how we can help you break free.
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