Capital leases are a way for businesses to rent equipment or storage space without being considered the legal owners. The businesses have to pay their rent for the length of the year, whether it’s for one or two years. You can terminate your lease either before or at the term’s end. Know what’s right for you when you terminate your capital lease either early or at the end. Hire an attorney that specializes in capital leases or lease termination. Keep your attorney in the loop from when you buy your capital lease until the day you terminate it before or after the lease term ends. Have your attorney write up a termination notice to inform the company you’re leasing from that you’re terminating your capital lease. Give your leasing company time to find a buyer or tenant to lease the product to. Attorneys recommend giving your lender from 30 to 60 days notice of your capital lease termination. If you need to terminate the lease early, contact your leasing company right away and explain you