Mutual Lease Termination Agreement Template

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Mutual Lease Termination Agreement Template

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Mutual Lease Termination 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 mutual agreement to terminate the lease dated [Lease Start Date], for the premises located at [Property Address].
Clause 1: Termination Date
The lease shall be terminated effective as of [Termination Date].
Clause 2: Condition of Premises
The Tenant agrees to return the premises in good condition, except for normal wear and tear, and shall complete all necessary repairs before the termination date.
Clause 3: Security Deposit
The Landlord agrees to return the Tenant’s security deposit of [Amount] after deducting any applicable fees for damages, if any.
Clause 4: Release of Claims
Both parties agree to release each other from any further obligations or claims related to the lease upon termination.
Clause 5: 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]
Mutual Lease Termination 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 Mutual Lease Termination Agreement is made to document the end of the lease agreement originally dated [Lease Start Date], for the property located at [Property Address].
Clause 1: Termination of Lease
The parties hereby agree to terminate the lease effective [Termination Date].
Clause 2: Final Inspection
A final inspection of the premises will be conducted on [Inspection Date] to assess its condition.
Clause 3: Return of Security Deposit
The Landlord agrees to refund the security deposit of [Amount] within [Number of Days] after the termination date, subject to the conditions outlined herein.
Clause 4: Mutual Release
Upon execution of this agreement, both parties waive any claims against each other regarding the lease.
Clause 5: Additional Terms
[Include any additional terms or conditions as necessary].
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 Mutual Lease Termination Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Mutual Lease Termination Agreement Template

1. Parties Information



2. Lease Information


3. Reason for Termination

4. Terms of Agreement

5. Security Deposit Return

6. Return of Possession

7. Indemnification Clause

8. Signatures and Acceptance

9. Declaration and Signatures




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Mutual Lease Termination Agreement Template

Printable | Editable Form




Mutual Lease Termination Agreement Template