# Contraction right

> Tenant right to surrender a portion of the premises at a stated trigger date.

**Canonical URL:** https://classa.info/glossary/contraction-right
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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..

## Key facts
- **category**: Lease structure
- **regionScope**: Global

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Citation: Source: Class A Atlas (https://classa.info/glossary/contraction-right), updated 2026-04-01T00:00:00.000Z.