Our downloadable early lease termination form puts everything you need right at your fingertips. Easily amendable, this business lease cancellation template can be adapted to suit your unique requirements, making a potentially complex procedure straightforward and less stressful.
This page provides access to download the robust commercial rental agreement termination template, serving as a quality sample letter to terminate lease early. So, whether you’re looking for an office lease termination letter template or a comprehensive contract termination template for a commercial property lease termination, we have got you covered!
1. Lease Agreement TerminationThis agreement (“Agreement”) is entered into by and between the lessor and lessee, collectively referred to as “Parties.” This Agreement serves as a formal notification for the early termination of the lease agreement dated [insert lease start date], for the property located at [insert property address]. [Note: For the lessor, replace with your name or the legal business name. For the lessee, replace with the tenant’s name or business name.]
2. Reason for TerminationThe Parties mutually agree to terminate the lease agreement due to [insert valid reason for termination]. Both Parties acknowledge the understanding and acceptance of this reason. [Note: Replace with the specific reason for the early termination of the lease.]
3. Termination DateThe Parties hereby agree that the lease agreement shall terminate on [insert termination date], and the lessee agrees to vacate the premises by this date. [Note: Replace with the specific termination date.]
4. Outstanding ObligationsUpon termination, any outstanding obligations of the lessee, including but not limited to, outstanding rent payments, property damage compensation, and other financial obligations, shall be fulfilled by [insert due date for the fulfillment of obligations]. [Note: Replace with the specific due date for the fulfillment of obligations.]
5. Release and IndemnificationUpon termination, both Parties release and indemnify each other from any claims, liabilities, damages, or rights that may arise out of the lease agreement, provided that all obligations have been fulfilled.
6. Governing LawThis Agreement shall be governed by and construed in accordance with the laws of the state of [insert state]. [Note: Replace with the specific state.]
7. Entire AgreementThis Agreement constitutes the entire agreement between the Parties and supersedes any prior understanding or representation of any kind preceding the date of this Agreement.
8. SignaturesThis Agreement shall be signed by the lessor and the lessee and dated as of the day first written. Lessor: ____________________ Date: _________ Lessee: ____________________ Date: _________ [Note: Replace with the lessor and lessee’s signatures and the date of signing.]
Other Useful ContractsIf you’ve found the early termination of commercial lease agreement template useful, you might also be interested in several other related templates that Clauseclip offers. These documents can help simplify and streamline the process of leasing commercial spaces, while ensuring all parties are on the same page.
If you’re a business owner looking to rent out a retail space, the retail space lease agreement template could be very beneficial for you. It helps outline the terms and conditions of renting out a retail space, assuring potential tenants of your transparency and professionalism.
Perhaps you’re an entrepreneur considering subletting a portion of your commercial property. In that case, the commercial sublease agreement template provides an efficient roadmap to get this done promptly and correctly.
Sometimes, leasing agreements don’t always pan out as expected. It’s crucial, therefore, to have an understanding of how to terminate lease agreements prematurely without breaching any terms. The early termination of commercial lease agreement template can guide you through this process so that both parties can move forward amicably.
Finally, if your business revolves around offering commercial property management services, then it’s paramount to have a well-drafted contract in place. Our commercial property management agreement template helps set clear expectations for both parties regarding roles, responsibilities, and remuneration.
In summary, these resources from Clauseclip can prove immensely useful if you regularly deal with leasing commercial properties. They provide straightforward templates to create transparent and legally sound agreements to protect all involved parties.