Want to end your lease agreement early? Our mutual lease termination agreement form will make it happen for you quick and painless... as long as everyone is agreeable.
If you cast aside the romance, a fixed term lease is almost like a marriage with a time limit - You have two parties coming together to form a legally-binding relationship. For a surrender of lease to work, you need both parties to give the green light.
Sometimes the timing is perfect and everyone wants out of the lease. But in most cases, only one side wants the lease to end. It can be a landlord who wants to take back the property for major renovations or a tenant who's relocating due to work. That's when you need to dangle the lease surrender payment carrot... to entice the other side into saying yes to a lease termination.
As long as everyone is happy, a surrender of tenancy can take place anytime you please. In other words, you don't have to put yourself through a waiting period.
*Make sure this free lease termination form complies with your local real estate laws before using it. If you have any doubts, you can ask a real estate lawyer online.
This Termination Agreement is made between the Landlord _________________________ and the Tenant _________________________ on this date _______________.
The Landlord and Tenant had originally entered into a Lease Agreement dated _______________ for the real property located at:
For the sum of $ _______________ paid by _________________________ to _______________
__________ and other valuable consideration, both parties agree to mutually terminate the above Lease Agreement effective on this new date: _______________
The Tenant shall surrender possession of the above premises on the new termination date. Upon the surrender of the premises by the Tenant, the Landlord shall release the Tenant from his/her continuing obligation under the Lease Agreement to pay rent.
This Agreement shall be binding upon both parties, their successors, assigns and personal representatives.
Landlord Name: ______________________________
Landlord Signature: ______________________________ Date: _______________
Tenant Name: ______________________________
Tenant Signature: ______________________________ Date: _______________