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South Bend Redevelopment Commission
Policy for Early Lease Termination
Prepared 7/6/11
Under the following conditions the Redevelopment Commission will consider an early
termination of a lease upon a tenant's request.
1. The tenant has occupied the space for at least one year.
2. The tenant is current on all payments due the Redevelopment Commission,
including but not limited to rent and CAM.
3. Rent paid shall be at least sufficient to cover any cost of tenant improvements and
leasing commissions paid by the Redevelopment Commission.
4. Condition of the space at move out must conform to the requirements of the lease.
5. The business does not relocate to another space for a period of not less than one
year.
If the above conditions are met and the Commission provides for an early termination of
the lease, it will be conditioned on item 5 above. Should the business relocate within a
year the Commission's early termination will be null and void, and the former tenant will
be held to the original term of the lease.