Arizona Agreement for Early Termination of Lease

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Arizona Agreement for Early Termination of Lease Powered By Docstoc

This Agreement made this _____ day of ______________, _______ by                             and between
_____________________________      (insert     name       of    landlord) (the                 "Landlord")
____________________________ (insert name of tenant) (the "Tenant").

Further to the Lease Agreement between the parties dated the ____ day of __________________,
__________      (the    "Lease")       with    respect     to     the   rental    premises    located at
________________________________ [insert street address], ____________________ [city/town],
Arizona (the “Premises”), the Landlord and the Tenant hereby agree that the Lease be terminated prior to
the designated expiry date set out in the Lease, pursuant to the following terms and conditions:

1.     The Tenant shall provide the Landlord with a written notice of early termination no later than
       ______ (___) days prior to the proposed date of termination.

2.     The Tenant shall continue to pay rent until and including the proposed date of termination. If
       required, the rent payable will be calculated on a pro rata basis.

3.     The Tenant shall return to the Landlord all keys, garage door openers, security cards, and other
       means of access for the Premises on the day the Tenant vacates the Premises.

4.     The Tenant shall leave the Premises in the same condition, normal wear and tear excepted, as it
       was at the beginning of the Lease.

5.     In addition to the rent as stated in paragraph 2 herein, the Tenant shall also pay to the Landlord an
       amount equal to _____ months rent prior to vacating the Premises.

6.     In the event the Tenant vacates the Premises by the proposed termination date and has paid the
       amount as stated in paragraph 5 herein, the Tenant shall be eligible for the return of any
Description: Terminate a tenant's lease before it expires with this downloadable Arizona Agreement for Early Termination of Lease. - This Agreement is for a residential rental property. For commercial properties, a different form is required. - The landlord and tenant must both agree to the termination. - The tenant must still give written notice stating the date on which the lease will terminate and the tenant will vacate the premises. - The tenant agrees to pay a specified amount in order to buy out of the lease early. This Arizona Agreement for Early Termination of Lease form is in MS Word format, and is easy to customize to fit your circumstances.
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