Docstoc

Termination of Office Lease

Document Sample
Termination of Office Lease Powered By Docstoc
					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
INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND
INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS
FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL DOCSTOC, INC., OR ITS AGENTS, OFFICERS, ATTORNEYS,
ETC., BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF
PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE
THE MATERIALS, EVEN IF DOCSTOC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. They are for
guidance and should be modified by you or your attorney to meet your specific needs and the laws of your state or jurisdiction. Use at
your own risk. Docstoc® is NOT providing legal or any other kind of advice and is not creating or entering into an Attorney-Client
relationship. The information, reports, and forms are not a substitute for the advice of your own attorney. The law is a personal matter
and no general information or forms or like the kind Docstoc provides can always correctly fit every circumstance.

Note: Carefully read and follow the Instructions and Comments contained in this document for your customization to suit your specific
circumstances and requirements. You will want to delete the Instructions and Comments from open bracket (“[“) to close bracket (“]”)
after 
				
DOCUMENT INFO
Description: 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 document is also part of a package Residential Lease Starter Kit 11 Documents Included