Real Estate Lease Termination Agreement (Landlord) An agreement allowing a landlord to terminate a lease agreement for real estate, specifying termination terms, notice requirements, and any associated costs or obligations.
This Real Estate Lease Termination Agreement (the "Agreement") is entered into as of the Effective Date, by and between Winston Properties, Inc., a duly organized corporation under the laws of the United States, having its principal address at 123 Elm Street, Anytown, USA (hereinafter referred to as the "Landlord") and Harper Residential Services LLC, a duly organized limited liability company under the laws of the United States, having its principal address at __________________ (hereinafter referred to as the "Tenant"). The Landlord and the Tenant may individually be referred to as a "Party" and collectively as the "Parties."
The lease agreement (the "Lease") pertaining to that certain residential single-family property known as "Crestview Manor" and located at 123 Elm Street, Anytown, USA (hereinafter referred to as the "Premises").
3.1. Mutual Termination
The Parties mutually agree to terminate the Lease voluntarily, effective as of the Termination Date (defined below), subject to the terms and conditions set forth in this Agreement.
3.2. Termination Date
The Lease shall terminate on _________ (the "Termination Date"), which represents the date upon which the Tenant shall vacate the Premises and the Landlord shall regain possession thereof.
3.3. Notice of Termination
The Parties hereby waive any notice of termination requirements set forth in the Lease or any applicable laws in connection with the termination of the Lease as provided in this Agreement.
4.1. Condition of Premises
Upon the Termination Date, the Tenant agrees to surrender the Premises to the Landlord in a timely manner and in the same condition as received, subject to reasonable wear and tear, in accordance with the terms of the Lease.
5.1. Handling of Security Deposit
Upon the Termination Date, the Landlord shall return the Tenant’s security deposit, less any lawful deductions for damages, unpaid rent, or other obligations under the Lease, pursuant to the terms of the Lease and applicable state laws. The Landlord will provide the Tenant with a written statement itemizing any deductions made from the security deposit within the time period specified by the relevant state laws.
6.1. Post-Termination Obligations
The Tenant shall remove its personal property and vacate the Premises on or before the Termination Date. The Tenant shall be responsible for any damages or loss caused to the Premises resulting from the Tenant's failure to comply with this requirement.
The Parties each represent and warrant to the other Party that they have full power and authority to enter into this Agreement and that they have not entered into any other agreement that would prevent their respective performance of their obligations under this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of the United States, without regard to its conflicts of law principles. Any dispute arising out of or relating to this Agreement shall be resolved exclusively in the appropriate state or federal court located within the United States, and the Parties consent to the personal jurisdiction of such courts.
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and supersedes all prior or contemporaneous understandings, representations, negotiations, and agreements, whether written or oral, relating to the subject matter of this Agreement.
No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both the Landlord and Tenant. No waiver by any Party of any breach of this Agreement or default in performing any obligation shall be deemed a waiver of any other or subsequent breach or default.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. Facsimile or electronic signature counterparts are acceptable and binding.
Login to Create your Real Estate Lease Termination Agreement (Landlord) now
In this Real Estate Lease Termination Agreement (Landlord), you will see the following sections:
Create your Real Estate Lease Termination Agreement (Landlord) now