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Termination of Lease Agreement


Overview
- The Termination of Lease Agreement is used by a landlord and tenant for early termination of a lease agreement.  This form may be used with either a residential or commercial lease agreement.
- There may be any number of reasons why a landlord and tenant desire to terminate a lease agreement.  
- It is always a good idea for the landlord and tenant to put their agreement to terminate in writing.  Otherwise, a successor to the landlord may attempt to collect "overdue" lease amounts.  
- Often, the tenant will pay an amount to the landlord to gain the right to terminate early.  

When You Need It
- To be used by a landlord and tenant that desire to terminate their lease before the lease term expires.  
- This form can be used for most commercial and residential leases.


Getting Started

You will need:
- Name and address of the tenant.
- Name and address of the landlord.
- Description of the leased premises and the effective date of the lease agreement being terminated.
- The date the lease is to terminate and whether any payments will be made to the landlord for early termination.

When to Review and Revise 
- To correct the information contained in the notice.
- To draft another Termination of Lease.