we are currently leasing a commercial space. in our contract, the term shall be for 2 years, which is supposed to end December of 2013, no pre-termination clause has been placed in the contract.
due to losses being suffered, we could no longer continue with the lease contract. the lessor stated that we should continue paying even if the premises has been vacated and the business has ceased due to losses. he insist that we should pay because the contract states that it is for 2 years.
can we pre-terminate the contract and vacate the place and not pay the remaining months? the reason is losses and not change of address.