Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

75
Posts
33
Votes
Cory St. Esprit
  • Investor
  • Pittsburgh, PA
33
Votes |
75
Posts

Commercial lease: tenant wants to leave

Cory St. Esprit
  • Investor
  • Pittsburgh, PA
Posted

I own a commercial space that currently has a thrift store in it. They’re an arm of a local non profit. Good tenants. Always pay on time. Their business has grown and they want to leave to find a big space. They have 3 years left on the lease. My attorney has reviewed the lease (I inherited it when I bought the building and we did a lease assumption). There’s no clause to break early - meaning unless I let them go, they’re stuck. I own 28 Subway franchises and would like to move a Subway to the space but it’ll take a year to get it built. 

Bought a on asking tenant to pay a 6 month buyout clause (January to June 2024) just to vacate space by 12/21/23? 

Loading replies...