Breaks
A break option gives a tenant the opportunity to either relocate to more suitable or cost-effective premises or renegotiate the terms of their lease.
The Breaks side panel can be accessed by clicking the Break button in the contract details.
The Breaks side panel displays the following information:
• Break date – The date the break option takes effect.
• Penalty – The monetary penalty associated with exercising the break.
• Exercised – Indicates if the break option is exercised.
Possible statuses for Exercised:
• Break is manually exercised.
• Break can be manually exercised.
• Break is not editable and exercised (based on source data).
• Break is not editable because another option with the same priority is exercised.
 | When a break option is exercised: • The contract’s termination and expiry dates are capped at the break date. • If a penalty applies, the surrender premium will appear in the cash flow under Surrender premium on the break date. |