Early Termination Of Commercial Lease Agreement Template

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Early Termination Of Commercial Lease Agreement Template

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Early Termination Of Commercial Lease Agreement Template (1)
Between:
[Name of the Landlord]
[Landlord’s ID]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
And:
[Name of the Tenant]
[Tenant’s ID]
[Tenant’s Address]
Introduction:
This document formalizes the early termination of the commercial lease agreement originally executed on [Original Lease Date], concerning the premises located at [Property Address].
Clause 1: Reason for Early Termination
The Tenant has requested early termination of the lease due to [Specify reason], and the Landlord has agreed to the terms outlined herein.
Clause 2: Termination Date
The lease will terminate on [Termination Date], and the Tenant agrees to vacate the premises on or before this date.
Clause 3: Financial Obligations
The Tenant agrees to pay [Specify Amount] as an early termination fee in addition to any outstanding rent and utilities due before the termination date.
Clause 4: Condition of Premises
The Tenant agrees to return the premises in the same condition as received, minus normal wear and tear. Any necessary repairs will be the responsibility of the Tenant.
Clause 5: Release of Liability
Upon execution of this agreement, both parties agree to release each other from any further obligations under the original lease agreement, except for those outlined in this termination agreement.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Landlord]
[Name of the Landlord]
[Signature of the Tenant]
[Name of the Tenant]
Early Termination Of Commercial Lease Agreement Template (2)
Between:
[Name of the Landlord]
[Landlord’s ID]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
And:
[Name of the Tenant]
[Tenant’s ID]
[Tenant’s Address]
Introduction:
This agreement serves to outline the terms and conditions for the early termination of the commercial lease dated [Original Lease Date], for the property located at [Property Address].
Clause 1: Mutual Consent
Both parties agree to the mutual termination of the lease under the following conditions: [Specify any specific terms or conditions].
Clause 2: Final Settlement
The Tenant shall make a final payment of [Specify Amount] to settle all obligations regarding the lease before the termination date.
Clause 3: Security Deposit
The security deposit paid by the Tenant will be refunded within [Number of Days] days after the property is vacated, provided there are no damages beyond normal wear and tear.
Clause 4: Inspection of Premises
An inspection of the premises will be conducted on [Date of Inspection] to determine any damages or necessary repairs.
Clause 5: Indemnification
Both parties agree to indemnify each other from any claims arising from the early termination of the lease.
Clause 6: Effective Date
This termination agreement shall be effective as of [Date of Execution].
Signed in [City], [Date].
Sincerely,
[Signature of the Landlord]
[Name of the Landlord]
[Signature of the Tenant]
[Name of the Tenant]

Form

Please complete the form below to create the Early Termination of Commercial Lease Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Early Termination of Commercial Lease Agreement Template

1. Landlord Information


2. Tenant Information


3. Lease Details


4. Early Termination Conditions

5. Payment Obligations

6. Conditions for Return of Security Deposit

7. Responsibilities Upon Termination

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




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Early Termination Of Commercial Lease Agreement Template

Printable | Editable Form




Early Termination Of Commercial Lease Agreement Template