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This is an agreement between a landlord and a tenant whereby both parties mutually agree for the premature termination of an office lease. For this termination to be valid, both parties must voluntarily agree to terminate the lease early. In addition, the tenant agrees to indemnify the landlord for any losses they sustain in connection with the tenant’s occupancy. This agreement can be used by individuals or entities that want to terminate an office lease before its term expires.
This is an agreement between a landlord and a tenant whereby both parties mutually agree for the premature termination of an office lease. For this termination to be valid, both parties must voluntarily agree to terminate the lease early. In addition, the tenant agrees to indemnify the landlord for any losses they sustain in connection with the tenant’s occupancy. This agreement can be used by individuals or entities that want to terminate an office lease before its term expires. TERMINATION OF OFFICE LEASE B E T W E E N: (hereinafter called the “Landlord”) OF THE FIRST PART, - and – (hereinafter called the “Tenant”) OF THE SECOND PART. WHEREAS the Landlord had entered into an Agreement to Lease with ________________ dated the _____ day of _______________, ______ (the “Lease”) for the premises located at __________________________________ (the “premises”); AND WHEREAS the Tenant has been in possession of the premises since on or about that date; AND 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 favour of the Tenant is terminated effective the ______ day of ________________, 20_____ conditional upon the following: 1. The leased premises being returned to the Landlord in a good state of repair and condition in accordance with paragraph _________ of the Lease; 2. The Tenant agrees to indemnify and save harmless the Landlord after the termination of the Lease in accordance with paragraph ________ of the Lease and in addition from any and all losses, costs, legal costs, fees, expenses, demands, liabilities, penalties, suits, 2 © Copyright 2011 Docstoc Inc. registered claims, actions, damages, of any nature or kind whatsoever which may be made or brought against the Landlord by any party, either directly or indirectly arising from any liability that the Tenant may have with respect to any matter related to its use of the leased premises; and 3. The parties acknowledge and agree that a facsimile signature from any party executing this Agreement shall be binding upon the party and the parties acknowledge further that this Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original by all for which shall constitute one instrument. DATED this _______ day of ____________________, 20_______. (LANDLORD) Per: Name: Title: I have authority to bind the Company. or if Landlord an individual Witness: Landlord Witness: Tenant ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY, EXPRESS, IMPLIED, OR OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for guidance and should be modified to meet your needs and the laws of your state. Use at your own risk. Docstoc and anyone who participated in providing or modifying any form is not creating or entering into an Attorney-Client relationship. Docstoc does not provide legal advice. The information and forms are not a substitute for the advice of your own attorney. 3 © Copyright 2011 Docstoc Inc. registered
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