Lease Termination → New Lease → Lender Consent

A tenant wants out. A replacement is in hand. Does the deal work — and will the lender consent?

The Workflow

Calculate remaining obligations, replacement costs, compare NER, apply the 2-of-3 lender covenant test, and recommend whether to proceed.

Remaining Rent

Unamortized TI

Unamortized LC

Unamortized Free Rent

Total Remaining Obligations

Downtime Lost Rent

Replacement Free Rent

Replacement TI + LLW

Replacement LC

Total Replacement Costs

Original NER ($/SF/yr)

Replacement NER ($/SF/yr)

Replacement NER as % of Original

Condition 1 Met

Condition 2 Met

Condition 3 Met

Lender Consents

Proceed

Executed Lease (Class A Office)

Original tenant · remaining term, rent schedule

Termination Request Emails

Tenant counsel · proposed termination timeline

Replacement Tenant LOI

Proposed new lease economics

Loan Agreement Excerpt

Lender consent conditions and covenants

Manhattan Commission Schedule

Tiered commission rates with abatement treatment

Balance: — · real model, real score

After the run, you'll see the score and a full field-by-field report card.