Lease Release Form
All states | 10 types
What Is a Lease Release Form?
A release of lease agreement is a document that ends a rental agreement between a landlord and a tenant before the rent period is over. It also proves the parties do not hold each other responsible for what was originally promised in the rental contract and protects them from future rent claims, missed payments, or property damage issues.
When Should I File a Rent Release Form?
A rental release form is needed when either a landlord or a tenant decides to end the lease early, and the other party agrees. Here are common situations where the document is helpful:
There are several situations where a lease release letter can be useful. You might need to prepare one if:
A tenant is relocating for work or family reasons;
A homeowner plans to sell the property and needs it vacant;
Rent payments have stopped, and both parties prefer an early termination over a court process;
A mutual decision is made to end the contract due to ongoing issues or conflicts;
A new renter has been found, and the original tenant is stepping away;
The move-out date needs to shift from what was first agreed.
The release from rental agreement helps both sides part their ways with no misunderstanding.
How Do I Write a Lease Release Form?
To get a professionally drafted document, use a standard lease release agreement template and fill in the necessary information:
Identify the releasor and the releasee, including their full names, addresses, and contact details.
Mention the address of the rental property.
Add the details of the lease: the day it began, the original end date, and the release of lease date both sides are agreeing to.
Explain that the tenant gives up the right to stay in the property, and the landlord releases the tenant from paying future rent or facing penalties
Choose which state’s laws will govern the agreement. Also, note where legal matters would be handled if ever necessary.
Each party must sign the release from lease agreement and write a date.
Laws & Regulations
When dealing with a lease release agreement, be aware of the laws and regulations in the governing jurisdiction, which will generally be determined by the location of the property. These laws can vary widely, so it’s crucial to understand the specific requirements and protections in your area. For instance, some jurisdictions may require specific language or disclosures in a lease release agreement. For example, New York requires all lease release agreements to be clear and coherent and written using common words of everyday use.
Other states may have restrictions for how and when a lease can be terminated early, and violating these laws can have serious consequences. If you are considering ending a lease early, consider consulting with a lawyer who can assist with drafting or reviewing a lease release agreement before you sign. Remember, knowledge is power, especially when it comes to protecting your rights and interests.
