Fillable Lease Termination Agreement printable pdf download

LEASE TERMINATION AGREEMENT

This Lease Termination Agreement ("Agreement") is entered into between

________________, ("Landlord") and _________________, ("Tenant").

WHEREAS, Landlord and Tenant’s predecessor in interest are parties to that certain

Lease Agreement dated ____________________, (“Lease”), for space/property located at

____________________________________________________________("Premises"); and

WHEREAS, the parties now desire to provide for the termination of the Lease, and the

return of the Leased Premises to Landlord, prior to the current expiration date of the Lease.

NOW, THEREFORE, in consideration of mutual promises contained herein and for other

good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it

is agreed as follows:

1. Termination. The parties agree that in lieu of the original expiration date of

________________________, the Lease shall terminate on ________________________

("Termination Date"). Prior to the Termination Date, Tenant shall quit the Premises and

surrender and return the Premises to Landlord, “as is” in broom clean condition.

2. Lease Termination Fee. In consideration for Tenant being relieved of further

obligations under the Lease after the Termination Date, Tenant and Landlord agree that Tenant

shall pay a Lease Termination Fee of ____________________________ Dollars ($__________).

This payment shall be made to Landlord by ________________________.

3. Mutual Release. Upon Tenant satisfying its obligations set forth in this Agreement,

Landlord releases, discharges and waives any claims known or unknown, against Tenant, its

successor, assigns, officers or directors, arising out of or in any way connected with the Lease

through the date hereof, and Tenant releases, discharges and waives any claims, known or

unknown, against the Landlord, its successors, assigns, officers or directors, arising out of or in

anyway connected with the Lease through the date hereof.

4. Binding upon Successors and Assigns. This Agreement shall be for the benefit of

and be binding upon, the parties hereto and their respective successors and assigns.

5. Final Agreement. This Agreement shall constitute the final agreement and

understanding of the parties on the subject matter hereof. This Agreement may be modified only

by a further writing signed by the parties.

6. Attorney Fees. If any legal action is commenced to enforce or interpret the terms of

this Lease Termination Agreement, the prevailing party shall be entitled to reasonable attorney's

fees and costs in addition to any other relief to which the prevailing party may be entitled.

7. Illegality. This Agreement shall be governed by the laws of the State of

___________________. In case any one or more of the provisions contained herein shall for any

Lease Termination Agreement