Terminating or canceling a lease: what are the risks?

Terminating a lease agreement is often legally more complex than expected.

Difference between termination and cancellation

The legal rules differ per type of business premises and contract duration.

Common mistakes

• ✓ applying incorrect notice periods
• ✓ ignoring formal requirements
• ✓ seeking legal advice too late

Financial consequences

Incorrect termination can lead to damages or ongoing rental obligations.