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A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law, such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. [1]
As part of a review of Australia's ship building capabilities, the Federal Government decided in 1987 the lease would not be renewed. [9] Although consideration was given to terminating the lease early, in the end it ran its course until 31 December 1992, although the only work performed in the last 18 months was decommissioning the dockyard.
The use of a Good Guy Clause allows a renter to be released from liability of the lease if a rental is terminated early, giving tenants less apprehension regarding signing a time bound lease, and satisfying the landlord's worries about reclaiming their space "in the same condition in which they would have been had the lease expired in ...
Do you want to learn how to end a car lease early? Find out when to get out of your auto lease early, what options are available, and how to reduce your fees.
Many commercial contracts include clauses that set out a process whereby notice must be given and in what form. Consequently, if there is a written contract, care should be taken to check the contract terms and to ensure compliance notwithstanding that the other party may, on the face of it, have committed a clear and repudiatory breach.
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