How does a lessee legally pre-terminate a 10 year lease contract without violating the "breach of contract" provision? The request for pre-termination was made since the lessee cannot afford to pay the monthly rental due to financial losses. Rather than default in the payment, the lessee, deemed it proper to formally inform the lessor to avoid legal problems.
Can the pre-termination proceed even if the lessor is not amenable to this? The lessee is willing to give to the lessor the one-storey concrete building consisting of five rooms to the lessor. Can the lessor still pursue legal action against the lessee?
Thank you.
Melody