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Termination of Residential Lease

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					This is an agreement between a landlord and a tenant whereby both parties mutually
agree to the premature termination of a residential lease. For this termination to be
valid, both parties must voluntarily agree to terminate the lease early. In addition, the
landlord certifies that he or she will return the security deposit if the tenant has fulfilled
all of the obligations under the lease. This agreement can be used by individuals or
entities that want to terminate a residential lease before its term has expired.
                          TERMINATION OF RESIDENTIAL LEASE

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

                                           RECITALS

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

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

1. Premises: The Premises being returned to the 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 fulfils the obligation under clause 1 and obligations under the Lease, then
   Landlord shall return the security deposit within Thirty Five (35) days under
   _________________ __________________________________; [Instruction: insert
   statutory authority] after Tenant vacates the Premises. 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;

    b. Tenant has complied with entire obligations under the Lease, and will continue to comply
       with all of such obligations until the effective date of termination

4. Other terms:

    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________


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    __________________________________________________________________________.
    [Comment: Kindly write any special terms discussed and agreed between Landlord and
    Tenant in the above space, otherwise delete section 4.]

5. Counterparts: The parties acknowledge and agree that this Agreement may be executed and
   effectuated through transmission of signed facsimiles or imaged documents (e.g., .pdf, .jpeg,
   or .tiff) attached to emails, and in counterparts, and shall be binding upon the parties as if
   they were original documents.

[Comment: This section is not required, but the parties may use it if they so wish]

IN WITNESS WHEREOF, the parties hereto have set and subscribed their respective hands
unto this Agreement on the day and date first set out hereinabove.

For: LANDLORD

Signed: _________________________________

Name: __________________________________

For: TENANT

Signed: _______________________________

Name: _________________________________




© Copyright 2013 Docstoc Inc.                                                         3

				
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Description: This is an agreement between a landlord and a tenant whereby both parties mutually agree to the premature termination of a residential lease. For this termination to be valid, both parties must voluntarily agree to terminate the lease early. In addition, the landlord certifies that he or she will return the security deposit if the tenant has fulfilled all of the obligations under the lease. This agreement can be used by individuals or entities that want to terminate a residential lease before its term has expired.