Commercial Lease - renewal/early termination

[twbarefoot]

I'm leasing a warehouse space in California for my small business. The lease agreement was for two years with "(2) one year options" to renew. I've been here for almost 2 1/2 years. My business has really started to take off and now I'm bursting at the seams in this space. I never signed anything after the two years were up. So I assume the lease just automatically renewed. Does this mean I am obligated for another full year? The lease also states that I am obligated for early termination expenses. What would happen if I wanted to terminate my lease at 2 1/2 years? Is this considered early termination? I don't think I can last another 6 months in this space without adversely affecting the growth of my business.

Thanks!

 

[ecmst12]

You need to take your lease to a lawyer and see whether you are month to month or obligated for the rest of the year. No one can comment on a contract they have not read IN FULL.