TERMINATION OF LEASE AGREEMENT
This Termination of Lease Agreement (the “Termination”) is entered into as of
______________, 20__, (the “Termination Date”) by and between
____________________ (the “Landlord”) and ____________________ (the “Tenant”)
(collectively the “Parties).
WHEREAS, the Parties have entered into that certain lease agreement, dated as
of ____________, 20___ (the “Lease”), pertaining to the premises
_____________________________________ (the “Premises”). A copy of the Lease is
attached as Exhibit A hereto and made a part hereof by reference; and
WHEREAS, pursuant to Section __________ of the Lease relating to
terminations thereof, the Parties hereby desire to terminate the Lease with effect and as of
the Termination Date.
NOW THEREFORE, in consideration of the above recitals and the mutual
benefits contained herein, [and in further consideration of the payment by the Tenant to
the Landlord of the sums as hereinafter provided,] the receipt and sufficiency of which
consideration are hereby acknowledged, the Parties hereby agree as follows:
Subject to the terms and conditions of this Termination, the Parties herby terminate the
Lease, effective as of the Termination Date, and the Lease shall be null, void and of no
further binding effect; provided, however, that with respect to any provision in the Lease
that would otherwise survive in accordance with the terms and conditions of the Lease,
each Party hereby agrees that such provision shall survive the termination of the Lease in
accordance with its terms.
2. (Choose only one.)
COMPLIANCE WITH OBLIGATIONS.
The Tenant shall be responsible for all of the Tenant’s obligations under the Lease