Termination Lease Agreement Sample With Payment

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Multi-State
Control #:
US-02172BG
Format:
Word; 
Rich Text
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Description

The Termination Lease Agreement Sample with Payment is a formal document that facilitates the mutual consent of both lessor and lessee to terminate a lease early due to breaches by the lessee. Key features include the specification of lease terms, identification of parties, reasons for termination, and provisions for the return or claims against the security deposit. Users are guided to fill in relevant information such as dates, amounts, and descriptions of the breach and premises. The form is beneficial for attorneys and legal professionals who assist clients in managing leases and resolving disputes, as it outlines the legal grounds for termination and the consequences of breach. Additionally, it assures that both parties are clear about their rights and obligations, providing a structured way to handle potential claims or disputes following the termination. This form can be particularly relevant for partners and owners in real estate, lessees seeking to exit leases, and paralegals and legal assistants who support the documentation process in lease matters. Overall, this termination agreement serves as an essential tool for completing lease terminations effectively while ensuring compliance with applicable laws.
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  • Preview Early Termination of Lease or Rental Agreement by Mutual Consent Due to Breach by Lessee
  • Preview Early Termination of Lease or Rental Agreement by Mutual Consent Due to Breach by Lessee
  • Preview Early Termination of Lease or Rental Agreement by Mutual Consent Due to Breach by Lessee

How to fill out Early Termination Of Lease Or Rental Agreement By Mutual Consent Due To Breach By Lessee?

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FAQ

Sample Letter One Dear [Landlord], This letter is my written notice of termination of my current lease agreement. This letter meets the [number of days] notice requirement per the lease. As stated in the lease, the end date of this lease agreement is [month, day, year].

Dear (landlord's name), I, (Tenant's Name), am writing to inform you that I intend to terminate my lease agreement. I am delivering this notice (number of days before your lease ends) days before my lease for (rental unit address) comes to an end. The last day of my tenancy will be on (day, month, year).

Definitions. Termination means ending the lease contract, which can occur at the end date of the lease, or earlier, depending on how the lease is written. Default is an omission or failure by either Party to meet a provision of the lease.

Tenant may, upon 30 days' written notice to Landlord, terminate this lease provided that the Tenant pays a termination charge equal to 2 months' rent or the maximum allowable by law, whichever is less. Termination will be effective as of the last day of the calendar month following the end of the 30 day notice period.

Termination of lease letter The date of the letter. The name and address of the tenant. A request that the tenant vacate by a specific date. The reason for termination. A reference to the lease clause that permits you to end the lease. The date you want to do a walk-through inspection.

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Termination Lease Agreement Sample With Payment