Common Contracts
1 similar Early Lease Termination Agreement contracts
Mutual lease termination agreement pdfEarly Lease Termination Agreement • September 23rd, 2024
An Early Lease Termination Agreement is an mutually agreed-upon contract between a landlord and tenant to end a lease before its original expiration date. This arrangement usually requires compensation and results in both parties being released from their obligations under the initial lease agreement. Why Opt for an Early Lease Termination? Landlord Reasons Factors that may prompt a landlord to terminate a lease early include: Selling the Property: If you plan to sell the property currently rented, an agreement might be necessary. Property Renovations: Health or safety-driven renovations may require a mutual agreement to terminate the lease. Property No Longer Rented: Eminent domain or natural disasters that destroy the property may necessitate an early termination. Tenant Breach of Original Lease Agreement: In cases where a tenant violates lease terms, a mutual agreement can be the most practical option for the landlord. Landlord Benefits The benefits of signing an Early Lease Termina
