Pennsylvania Termination of Residential Lease

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					                                                        Termination of Residential Lease



                          This document may be used to terminate a residential lease, upon mutual agreement
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                          by both parties. Fill in appropriate areas to suit your needs.




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                                                                                              Attorney Drafted
                         TERMINATION OF RESIDENTIAL LEASE

THIS TERMINATION OF LEASE AGREEMENT (“Agreement”) is between
_____________ __________________ [Instruction: Insert the name of landlord or manager
(if applicable)] (“Landlord”) and ____________________________________ [Instruction:
Insert the name of tenant] (“Tenant”).

                                            RECITALS

WHEREAS Landlord has entered into a certain Residential Lease with Tenant dated ______
[Month] ____ [Date], 20____ [Instruction: Insert the date of Residential Lease Agreement]
(the “Lease”) for the premises located at ____________________________________________
______________________________________________________________________________
______________________________________________________________________________
[Instruction: Insert the address of the Premises] (the “Premises”);

WHEREAS, Tenant and Landlord wish to end their relationship and mutually agree to terminate
the Lease forthwith;

NOW THEREFORE, in consideration of the mutual covenants and recitals, Landlord and
Tenant hereby acknowledge that the Lease in favor of Tenant is terminated effective on ____
[Month] ____ [Date], 20____ conditional upon the following:

1. Premises: The Premises being returned to Landlord is in good and clean condition,
   undamaged and restored to the original condition of the Premises that existed at the
   commencement of the Lease, normal and ordinary wear and tear excepted.

2. Security deposit: Landlord holds Tenant’s security deposit of ____________ ($____)
   [twenty thousand dollars ($20,000)] [Instruction: Insert the security deposit amount]. If
   the Tenant fulfills the obligation under clause 1 and obligations under the Lease, then
   Landlord shall return the security deposit within Twenty (20) days of the expiration or
   termination of the rental agreement under Pennsylvania [STATUTE]. Landlord reserves the
   right to use the security deposit for the purposes set forth in the Lease.

3. Representation and Warranty: Tenant represents and warrants to Landlord as follows:

   a. Tenant has the right and authority to enter into this agreement;

 
				
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Description: This Termination of Residential Lease agreement may be used to terminate a lease upon mutual agreement by both the landlord and the tenant. This agreement effectively ends the lease on the condition that the tenant returns the premises in good condition and the landlord returns the tenant's security deposit. It contains the standard provisions that are commonly included in these types of agreements as well as opportunities for customization to fit the specific needs of the parties. This document should be used by landlords and tenants located in Pennsylvania when mutually agreeing to terminate a lease.
This document is also part of a package Essential Pennsylvania Legal Documents 86 Documents Included