Break strategy - the key to breaking out

H. Cooke, Simon Woodhead

Research output: Contribution to journalArticleAcademicpeer-review

4 Citations (Scopus)

Abstract

Purpose
– The purpose of this paper is to look at the problem caused by the operation of break clauses contained in commercial leases – a predominantly UK phenomenon, a consequence of longer lease terms.

Design/methodology/approach
– The pitfalls that can befall a corporate occupier are numerous and the authors of this paper share some of their recent experiences to highlight issues that can arise and how a Corporate Real Estate Manager or advisor can avoid or minimise those risks.

Findings
– For corporate occupiers, the operation of a break clause can be fraught with difficulty and its successful implementation requires a strategy to be put in place well in advance of the break date.

Originality/value
– The paper shows how turmoil in the wider financial market could make the flexibility that breaks offer very important to certain businesses.
Original languageEnglish
Pages (from-to)110-120
JournalJournal of Corporate Real Estate
Volume10
Issue number2
DOIs
Publication statusPublished - 2008
Externally publishedYes

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