Hi,
We have a business and a commercial lease of 5 years. We are 2.5 years into the lease and are struggling to meet the cost of rent. How long before the agent can re-enter the premises and terminate our lease? Can we break the lease if we are not able to afford the rent? The building we are in is twice as large as we need, so we need to move to a smaller cheaper place to keep our business afloat. What are our rights?
We have a business and a commercial lease of 5 years. We are 2.5 years into the lease and are struggling to meet the cost of rent. How long before the agent can re-enter the premises and terminate our lease? Can we break the lease if we are not able to afford the rent? The building we are in is twice as large as we need, so we need to move to a smaller cheaper place to keep our business afloat. What are our rights?