Quizzes & Puzzles1 min ago
Business Leases
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For more on marking an answer as the "Best Answer", please visit our FAQ.You need to get a copy of the lease and very likely need independent professional advice on what it means because they are often very difficult to understand without a knowledge of the relevant law.
Everything depends on the precise wording, but generally a break point entitles either party (or maybe only the tenant) to end the lease by giving whatever notice the lease specifies. It is not necessarily associated with a rent review, but in the case you quote it very well may be as the lease would otherwise be running for 61/2 years without a rent review, which is most uncommon.
Most commercial leases give the tenant the right to renew at the end of the term but sometimes this right is excluded by a procedure carried out at the start of the lease.
I would advise you not to go into this without using a commercial law solicitor.