break

English translation: The opportunity to end the lease.

22:33 May 2, 2005

English language (monolingual) [PRO]
Bus/Financial - Real Estate

English term or phrase: break

Multi-let office building in central Paris.
120,000 sq ft
Lease pattern 3/6/9 year, breaks every three years

Question: My understanding of the last sentence is that lease is available for 3, 6 and 9 year periods, and lease must be renewed every three years- is this correct?

Thank you in advance!

Waleed Mohamed KudoZ activity Questions: 476 (5 open) (2 without valid answers) (16 closed without grading) Answers: 576 United Arab Emirates
Local time: 05:42

Selected answer:The opportunity to end the lease.

Explanation:
Break here means that at the end of the 3rd, 6th and 9th years both Parties (I assume) have the opportunity to either break (cancel) or renew the lease.

Selected response from:

Robert Donahue (X)

Grading comment

Thank you Robert and all!
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

3 +3

The opportunity to end the lease.

Robert Donahue (X)

3-year lease

sarahl (X)

renewal option + rent review

Tsogt Gombosuren

Answers

3 mins confidence:

3-year lease

Explanation:
can be renegociated every 3 years.

sarahl (X)
Local time: 18:42
Native speaker of:

French

54 mins confidence:

peer agreement (net): +3

The opportunity to end the lease.

Explanation:
Break here means that at the end of the 3rd, 6th and 9th years both Parties (I assume) have the opportunity to either break (cancel) or renew the lease.

Robert Donahue (X)
Native speaker of:

English
PRO pts in category: 8

Grading comment

Thank you Robert and all!

2 hrs confidence:

renewal option + rent review

Explanation:
The lease will not be automatically renewed, but it will be subject to review.

The tenant may decide to renew or cancel the lease. If the tenant decides to renew the lease after 3 years, the rent will often increase.

Reference: http://www.bpf.org.uk/files/pressrel109655236425666-1.pdf

Tsogt Gombosuren
Canada
Local time: 19:42
Works in field
Native speaker of:

Mongolian

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