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,
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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
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_______.
I have authority to bind the Company.
or if Landlord an individual
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