This Lease Agreement Release Form (the "Release") is entered into on (the "Effective Date") by and between
, an individual having their usual place of living at (the "Landlord"), and
, an individual having their usual place of living at (the "Tenant"), collectively referred to as the "Parties" and individually as the "Party".
WHEREAS the Landlord and the Tenant have entered into a Lease Agreement and now wish to terminate it mutually;
NOW, THEREFORE, in consideration of the mutual promises and obligations set forth herein, and upon other good and valuable considerations, the Parties have agreed as follows:
ORIGINAL LEASE. This Lease Agreement Release Form represents the releasing of all obligations by both Parties for the lease dated (the "Agreement" or the "Original Lease") regarding the property located at (the "Premises").
LEASE TERMINATION. The Agreement shall be terminated on (the "Termination Date"). The Tenant agrees to vacate the Premises before the Termination Date. The Tenant shall return the Premises to the Landlord in a clean and undamaged condition, except for reasonable wear and tear. If the Tenant does not vacate the Premises by the Termination Date, the Tenant shall be in default of this Release, and any claims, demands, liabilities, and causes of actions shall remain in place.
FINANCIAL ARRANGEMENTS. The Tenant shall pay all outstanding lease payments and fees according to the terms of the Original Lease before the Termination Date.
In consideration of the waiver and release of duties and liabilities set forth in this Release, the Tenant agrees to provide the Landlord with the consideration in the amount of (the "Consideration"), which is due on the Termination Date. The Consideration is separate from any amounts owed by the Tenant to the Landlord.
The security deposit of shall be refunded within days of the Termination Date, excluding any deductions for damages or unpaid lease fees. Any payments to be returned to the Party shall be refunded .
RELEASE OF LIABILITY. Upon execution of this Release, both the Landlord and the Tenant release each other from any further obligations or liabilities under the Agreement.
SIGNATURES. This Lease Agreement Release Form is hereby executed by the Parties on the Effective Date.
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THE LANDLORD |
THE TENANT |
, USA Phone number: Email address:
_________________________ (Place for signature)
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, USA Phone number: Email address:
_________________________ (Place for signature)
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State of
Acting in the county of
Sworn to and subscribed before me on ___________________________.
___________________________________
Place for signature
______________________________________
Notary public's name and seal