Real estate industry

15.06.: On the written form termination of commercial leases

Commercial leases are often concluded for periods of 10 years or longer – during this time, many things can happen on both the landlord and tenant side that cause one of the two parties to no longer want to be bound by the contract. Even a third party who enters into the existing rental agreement by law as the purchaser of a property (“purchase does not break rent”) often has interests that conflict with the continued existence of the rental agreement.

However, it is not so uncomplicated to terminate the existing tenancy.

If the rental agreement is limited in time and thus concluded for a fixed period of time, ordinary termination for this period is excluded for both parties. It ends automatically only at the end of the rental period.

This can be a real challenge for the respective parties – after all, they have to put up with the unpleasant contractual partner until the latter gives them a reason for extraordinary termination. This may never happen and they are bound until the end of the rental period.

A possible way out of this plight is offered here by the so-called notice in writing.

You can find more information here!