1. Identification of the Parties and PremisesThis Early Termination of Lease Agreement is made and entered into this ________ day of ___________, 20_____, by and between ________________ (hereinafter “Landlord”), and _________________ (hereinafter “Tenant(s)”), collectively referred to as the “Parties”. The premises subject to this Agreement is located at: _________________.
2. Lease InformationThe lease agreement between the Parties commenced on ________________ and is scheduled to expire on ________________. The complete terms and conditions of the original lease are incorporated into this Agreement by reference.
3. TerminationThe Parties mutually agree to terminate the Lease Agreement prior to its original expiry date on _________. This Agreement serves as formal written notice of such early termination.
4. Final Rent Payment and Security DepositThe Tenant agrees to pay the final rent due for the period ending on ____________. The Landlord will, in accordance with state law, return the security deposit to the Tenant, less any deductions for unpaid rent, damages beyond normal wear and tear, or any other amount legally allowable.
5. Condition of PremisesUpon termination of the Lease, the Tenant agrees to return the premises and all property of the Landlord in a clean and undamaged condition.
6. Release of LiabilityUpon the effective date of this Agreement, and provided that the Tenant is not in default of their obligations, the Landlord will release the Tenant from all obligations under the Lease Agreement.
7. Entire AgreementThis Agreement contains the complete agreement between the Landlord and Tenant and cannot be changed except by written agreement of the Parties.
8. Governing LawThis Agreement will be governed by and construed in accordance with the laws of the state of _______________. LANDLORD: _____________________ Signature _____________________ Date TENANT(s): _____________________ Signature _____________________ Date _____________________ Signature _____________________ Date WITNESS: _____________________ Signature _____________________ Date
Whether you’re a landlord or a tenant, a rental agreement is a significant document that protects the rights and interests of both parties. One such type of agreement is the Simple Lease Agreement template. This template outlines the basic terms and conditions of leasing a property, including rent, deposit, maintenance, and termination provisions. It’s important to note that lease agreements entail certain binding commitments, which should be understood and agreed upon before signing.
In some cases, you might want to consider more specific agreements. If you’re subletting a property or part of it, the Sublet Lease Agreement template would be relevant. This document stipulates the terms of subletting, including who is responsible for rent and damages. It’s intended to provide clarity and lessen potential disputes.
On the other hand, if you’re entering into a lease with the option to buy the property later, you’ll want to use an Option to Purchase Agreement template. This contract sets out the conditions under which the tenant can buy the leased property in the future. It outlines important specifics such as price, time frame, and process of purchase.
It’s also crucial to understand that leases can be terminated early under certain circumstances. For this purpose, ClauseClip offers an Cancel Lease Agreement template. This outlines the procedures and conditions for ending a lease before its term expires. Early termination can be complex, so having clear guidelines can significantly cut down potential disagreements and legal hassles.