You signed a 5-year lease. The market changed. Your team shrank. Or the office just does not work any more. Here are your options.
Option 1: Break Clause
Check your lease for a break clause. This lets you exit early — typically at the 3-year mark — with 6 months notice. You may need to leave the space in good condition (dilapidation obligations).
Option 2: Assignment
Find another tenant to take over your lease. Your landlord must approve them. You remain liable if the new tenant defaults (unless the landlord releases you).
Option 3: Surrender
Negotiate an early exit with your landlord. This usually costs money — expect to pay 6-12 months rent as a surrender premium.
Option 4: Switch to Serviced
Once your lease ends (or you exit early), a serviced office eliminates the risk. Rolling monthly contracts, all-inclusive pricing, no dilapidation charges. See serviced office vs traditional lease for the cost comparison.
Talk to us about making the switch.