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The COVID-19 pandemic has illustrated the need for landlords and tenants to be flexible and work together to find solutions to leases that have become disadvantageous. One approach is to enter into a buy-out agreement allowing the tenant to end the lease early in exchange for an agreed-to sum of money. Maybe there’s already a clause in your current lease that provides for a buy-out, or maybe you’ll have to negotiate a new agreement with the tenant. Either way, here’s a look at the key issues to consider in negotiating and structuring a lease buy-out.
