Store Closing · Lease

Lease Exit Calculator

A commercial lease does not end when you lock the door. Enter the remaining term, rent, NNN load, and a termination or sublease option to see which exit leaves you owing the least after mitigation.

This calculator provides estimates for educational use only. It is not tax, legal, or financial advice. Figures are based on current IRS rules — verify against IRS.gov or consult a licensed professional. See our full disclaimer.

Your Lease Exit

Negotiated lump sum, if pursuing buyout.
Months until landlord re-rents (state duty to mitigate).

Cost by Exit Path

Lowest-cost path: Surrender + mitigation$36,000. A personal guarantee means any shortfall follows you personally; a buyout that releases the PG is often worth more than the cash.
Ride out the term$108,000
Terminate (buyout)$40,000
Sublease the gap$60,000
Surrender + mitigation$36,000

* Most states require the landlord to mitigate after surrender; the "surrender + mitigation" path models that. Lease and state rules vary — not legal advice.

How It Works

What This Calculator Shows

Three Exit Paths

Ride out the term, terminate with a buyout, or sublease — side by side.

Mitigation Built In

Models the landlord’s duty to re-rent so you owe until a replacement, not the full remainder.

Personal-Guarantee Flag

Flags when a PG means the shortfall follows you personally.

Print-Ready

Hand the comparison to your landlord or attorney during negotiation.

Sources

Authoritative References

Estimates only. Mitigation duties vary by state and lease; this is not legal advice. Confirm your lease and state rule with an attorney.

FAQ

Lease Exit FAQs

Generally yes — a lease is a term contract. But most states impose a duty to mitigate: after you surrender, the landlord must reasonably try to re-rent, and you owe until a replacement is found, not automatically the full remainder.

Usually. Assignment (new tenant takes over) or sublease ends or reduces your rent without a default on your record. Many leases need landlord consent, so build in negotiation time.

A negotiated lump sum to terminate early. It converts an open-ended liability into a known number — often the cleanest exit when a personal guarantee is at risk.

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