For a decade, Dubai has prospered as the Middle Easts top financial center, handling tens of billions of dollars of oil wealth. That dominance may be threatened as neighboring Abu Dhabi demands a piece of the pie. Business Day reports that last week, Abu Dhabi outlined plans for a full-service financial zone on an island near its downtown area that will have its own administration, court system and tax incentives to lure banks and other companies from around the world. JP Morgan which has occupied one of the coolest office buildings in central Dubai under a longtermleaseoffortheannualrentof$48misnowconsideringmoving. AtDecember312013, it will have been 5 years since the company signed the 10 year lease. However, the company has entered into another lease contract beginning January 2014, and plans to relocate to Abu Dhabi with 5 years still to run on the original lease. Although JP Morgan has been allowed to sublet the office building in Dubai to a third party, the company can only collect a maximum of $36m annually due the decrease in market rentals.

Required;

(i) State whether under the given circumstances a provision be recognized and if any, how much?