A clause in a lease agreement giving the landlord or tenant or both the right, under specified circumstances, to terminate the agreement, before its normal end date.
Sometimes the landlord will grant a clause in the Formal Tenancy Agreement allowing the tenant to give early notice after a specified period of occupation of the premises. The standard arrangement is for a two-year lease with a two (or three) month "break clause" after twelve (or fifteen) months. This means that, after twelve months of the lease, the tenant can give the landlord not less than two months' written notice of his intention to leave the premises. The advantage to the tenant is that the amount of the rent is guaranteed for two years although he may leave the premises after fourteen months.
A clause used in a lease that gives the landlord and or the tenant the right in specified circumstances to terminate the lease prior to it's normal expiry date. It usually defines the length of notice and may be subject to contractual or statutory financial provisions.
A clause in a lease giving either or both parties the right to terminate a lease in specified circumstances.
Also referred to as a Release Clause. This is a clause sometimes inserted in a fixed term tenancy, typically if the initial fixed term is for a year or more. It will not normally be applicable during the first six months of an Assured Shorthold Tenancy. If the initial tenancy is renewed either party will often request a break clause if they do not know if the can continue renting or not. A break clause will usually be worded in such a way as to allow either landlord or tenant to give two months written notice at any stage after a particular date or period of the tenancy, thus terminating the tenancy earlier than the end of the original fixed term
a clause that allows a tenant to end a lease at specific times during the period of the lease.
A provision in a lease allowing either landlord or tenant to give notice to the other to terminate the lease at a fixed time before the end of its full period.