Common Contracts
1 similar Mutual Release Agreement contracts
Mutual release agreement landlord tenantMutual Release Agreement • June 16th, 2023
An Early (Mutual) Lease Termination Agreement is a negotiated agreement between the landlord and a tenant to terminate a lease before the original lease end date. The agreement may require consideration and will result in the release of both parties from their obligations under the original lease agreement. Why Use an Early Lease Termination Agreement? Landlord Reasons Reasons a landlord may need to terminate a lease agreement early include: Selling the Property. An agreement may be necessary if you decide you want to sell the property the tenant is currently renting. Property Renovations. An agreement to terminate the lease early may be necessary to make property renovations, especially if they are for health or safety reasons. Property can no longer be Rented. It may be necessary if, for instance, the property is subject to eminent domain by the government or if a natural disaster destroys the property. Tenant Breach of the Original Lease Agreement. A mutual agreement may be the easi
