{
  "url": "https://classa.info/glossary/contraction-right",
  "title": "Contraction right",
  "description": "Tenant right to surrender a portion of the premises at a stated trigger date.",
  "oneSentenceAnswer": "Tenant right to surrender a portion of the premises at a stated trigger date.",
  "tldr": [
    "Tenant right to surrender a portion of the premises at a stated trigger date.",
    "A contraction right allows the tenant to surrender a defined portion (typically 10-25%) of the premises at a stated date, often subject to a fee equivalent to the unamortised TI and free rent allocable to the surrendered space.."
  ],
  "keyFacts": {
    "category": "Lease structure",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/contraction-right), updated 2026-04-01T00:00:00.000Z."
}