Whether you’re a landlord needing a notice of lease termination letter from landlord to tenant template or a tenant in need of an early lease termination document, we’ve got you covered. Our downloadable templates can be edited and adapted to fit your unique circumstances, facilitating the process of concluding your tenancy as smoothly as possible. With this resource, managing matters like premature lease cancellations or residential tenancy terminations becomes significantly easier. Explore our page further to find the right rent contract termination letter or property lease termination form for your needs.
EARLY TERMINATION OF TENANCY AGREEMENTThis agreement is made on this _____ day of ___________, 20_____, by and between _______________ (hereinafter “Landlord”) and ___________________ (hereinafter “Tenant(s)”) for the property located at ___________________________.
1. EARLY TERMINATIONThe parties hereby agree to terminate the lease agreement dated ________ (hereinafter “Original Lease”) effective as of ___________, 20_____. *Insert the effective date of termination*
2. PAYMENTIn consideration for the Landlord’s agreement to allow the Tenants to terminate the Original Lease early, the Tenant agrees to pay Landlord the sum of _________. *Insert agreed amount*
3. RELEASE OF LIABILITYUpon receipt of the agreed sum, the Landlord agrees to release Tenant from any and all claims, demands, damages, rights, lawsuits, and actions of every kind and nature, whether they are known or unknown, relating to the Original Lease and occupancy of the Premises.
4. RETURN OF SECURITY DEPOSITThe security deposit of ________ *Insert amount* paid under the Original Lease will be used towards the payment mentioned in section 2. Any remaining amount will be returned to the Tenant within ________ days after the termination date, less any deductions for unpaid rent, damages, or cleaning costs.
5. VACATING THE PREMISESTenant agrees to vacate the premises no later than ________ *Insert date*, and to leave the premises in the same condition as received, ordinary wear and tear excepted.
6. GOVERNING LAWThis agreement shall be governed by and construed in accordance with the laws of the state of ________. *Insert state* Any disputes or legal matters arising out of this agreement shall be dealt with in the jurisdiction of the above-mentioned state. *Insert any additional state law that may need to be added to the contract.*
7. ENTIRE AGREEMENTThis agreement contains the entire agreement between the parties and supersedes any prior understanding or representation of any kind preceding the date of this agreement. There are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the termination of the Original Lease. This agreement may be modified in writing and must be signed by both Landlord and Tenant. AGREED AND ACCEPTED BY: __________________________ _______________________ Landlord Signature Date __________________________ _______________________ Tenant Signature Date *Note: This is a sample document only. Please consult with a lawyer before finalizing.
When entering into a rental agreement, it’s crucial to prepare for every possible scenario, including an early termination of the tenancy agreement. If you’re renting an apartment, the apartment lease agreement template available provides a comprehensive outline of the rights and responsibilities of both the landlord and tenant during the leasing period. However, circumstances may change and necessitate a premature end to the lease. These conditions should be clearly expressed in your lease agreement.
It’s also necessary to consider the possibility of subletting if you foresee an early termination of your lease. In such case, a sublet lease agreement template enables tenants to transfer some or all of their tenancy rights to another party while retaining some responsibility for the property.
And if you’re looking for a more informal and flexible rental arrangement, perhaps with family or close friends, a granny flat agreement template could suit your needs. This type of agreement, often used for in-law suites or guest houses, provides clear boundaries for shared living situations.
Lastly, if your rental property is more commercial in nature such as a storage facility, it’s advisable to use a storage rental agreement template free. This ensures that both parties clearly understand their obligations and limits in case an early termination scenario arises. The key is to have clear communication and documented agreements to prevent any misunderstandings or disputes.