Common Contracts

Commercial lease surrender agreement template

Surrender Agreement • February 11th, 2023

• Contract Type
  Surrender Agreement
• Filed
  February 11th, 2023

A surrender agreement, sometimes called a surrender and acceptance agreement, or a deed of surrender, is a legal document that temporarily transfers the ownership of property until certain conditions are met. Surrender agreements are most commonly used in real estate to terminate property lease agreements.When a surrender agreement is used to terminate a property lease, both the landlord and the tenant must agree to execute the surrender agreement and end the tenancy. Surrender agreements can only be used when both parties have upheld their end of the lease contract. If there are any breach of contract issues, executing a surrender agreement would prevent either party from collecting damages resulting in the breach. Exhibit 10.95 SURRENDER AGREEMENT This SURRENDER AGREEMENT (this “Agreement”) dated as of October 5, 2015, by and between Twinlab Consolidated Holdings, Inc., a Nevada corporation (“Company”), and Thomas A. Tolworthy (“Transferor”). WITNESSETH: WHEREAS, the Company and Goli