Do you have office space in NYC? Maybe you no longer need it. You want to turn to your landlord and just say:
“I’m outta here. It’s not going to work out between us.”
But Neil Sedaka was right and “Breaking up is hard to do.”
Ending a lease early can present a whole host of challenges like:
Eating your rent when you’re not even physically there (like a lot of folks right now. Paying a premium on cancellation. Losing your security deposit. And, perhaps even sometimes legal action.
But sometimes, you just need to do what is best for you. So let’s talk about your options.
Here are the four things you can do to end your lease or at least reduce your financial obligation if you have office space in Manhattan.