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Early Termination Clause Can't Be Used Where All Lease Terms Are Not Met
In the case of Aircastle Advisor, LLC v. First Stamford Place SPE, LLC, DOC. NO.: CV16-6030179, Stamford/Norwalk J.D., at Stamford (9/6/17), the trial court sided with the property owner/defendant in a case in which the tenant sought to terminate the lease early as provided by the lease's terms, but could not because it was not in compliance with one of the requirements for early termination.
The plaintiff entered into a lease with a termination date of Dec. 31, 2022. However, the lease provided that the tenant could terminate the lease effective Dec. 31, 2017, upon giving sufficient notice, but only so long as the tenant remained “in occupancy of the entire premises.”
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