Canada Surrender of Commercial Lease by Megadox

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									                                    SURRENDER OF LEASE

THIS AGREEMENT made effective as of the _____ day of ______________, _______.

BETWEEN:

                            ______________________ (insert name of landlord)

                             ________________________________________
                                           (street address)

                            _________________________________________
                              (city)              (province) (postal code)

                                          (the “Landlord”)

                                               - and -

                            ______________________ (insert name of tenant)

                             ________________________________________
                                           (street address)

                            _________________________________________
                              (city)              (province) (postal code)

                                           (the “Tenant”)


WHEREAS:

A.     The Tenant leased premises located at ________________________ (insert address of leased premises)
       from the Landlord by way of a Lease dated the ____ day of __________________, __________,
       consisting of approximately _________ square feet, for a Term commencing on the ____ day of
       __________________, __________, and expiring on the ____ day of __________________,
       __________, (the “Lease” and “Premises” respectively).


B.     The Landlord and the Tenant have agreed, at the Tenant’s request, that the Lease will be
       cancelled and terminated and the Premises and the balance of the Term of the Lease surrendered
       to the Landlord as of the ____ day of __________________, __________, (the “Effective Date”).


THEREFORE, in consideration of and conditional upon payment by the Tenant to the Landlord of the
sum of $____________, (insert amount) and forfeiture of the Tenant’s deposits on hand of
$_______________ (insert amount) and all accrued interest thereon (if any), and the mutual covenants
contained in this Agreement, the sufficiency of which is hereby acknowledged, the Tenant and the
Landlord hereby agree as follows:
                                                        -2-




1.     The Tenant hereby forever and irrevocably assigns, surrenders, gives and yields up to the
       Landlord, and its successors 
								
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