Key Considerations for Terminating Commercial Leases: Overview (IL) | Practical Law

Key Considerations for Terminating Commercial Leases: Overview (IL) | Practical Law

A Practice Note providing an overview of key issues relating to early termination of commercial leases of real property located in Illinois. This Note provides useful guidance for both landlords and tenants that desire to voluntarily terminate a commercial lease in Illinois when the lease does not include an express termination right. It also discusses the provisions customarily contained in an early lease termination agreement.

Key Considerations for Terminating Commercial Leases: Overview (IL)

Practical Law Practice Note Overview w-030-9778 (Approx. 20 pages)

Key Considerations for Terminating Commercial Leases: Overview (IL)

by Practical Law Real Estate
MaintainedIllinois
A Practice Note providing an overview of key issues relating to early termination of commercial leases of real property located in Illinois. This Note provides useful guidance for both landlords and tenants that desire to voluntarily terminate a commercial lease in Illinois when the lease does not include an express termination right. It also discusses the provisions customarily contained in an early lease termination agreement.