If you`re a tenant who needs to terminate a lease before its expiration, a sample agreement to terminate lease can come in handy. Such an agreement outlines the terms and conditions under which both the landlord and the tenant agree to end the lease early.
However, before signing any agreement to terminate a lease, it`s crucial to understand your rights and obligations as a tenant. For instance, you need to check if your lease includes any early termination clauses or penalty fees. You should also be aware of your state`s tenant protection laws, which can vary depending on where you live.
That said, here`s a sample agreement to terminate lease that you can use as a reference:
Agreement to Terminate Lease
This Agreement to Terminate Lease (“Agreement”) is entered into on [date], by and between [landlord`s name] (“Landlord”) and [tenant`s name] (“Tenant”).
WHEREAS, Tenant desires to terminate the lease agreement (the “Lease”) made by and between Landlord and Tenant on [date], for the rental property located at [property address], and
WHEREAS, Landlord is willing to release Tenant from the obligations of the Lease, subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the parties agree as follows:
1. Termination of lease
The Lease shall be terminated on [date], and Tenant shall vacate the premises by that date. Tenant acknowledges that they have no further obligations to pay rent after the termination date.
2. Security deposit
Landlord shall return the security deposit to Tenant in accordance with state law.
3. Property condition
Tenant agrees to leave the premises clean and in good condition, except for reasonable wear and tear. Tenant shall remove all personal property and trash from the premises.
4. Release of claims
Tenant releases Landlord from any and all claims, demands, and actions arising from the Lease or the termination thereof.
5. Governing law
This Agreement shall be governed by and construed in accordance with the laws of the state where the rental property is located.
6. Entire agreement
This Agreement contains the entire agreement between the parties and supersedes all prior discussions, representations, and understandings.
IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.
As a professional, I recommend that you tailor the above sample agreement to terminate lease to meet your specific needs. Make sure you fully understand the terms and implications of the agreement before signing it. It`s also crucial to ensure that the agreement complies with your state`s laws and regulations.