Lease Termination Agreement Ends a lease prematurely, defining conditions and responsibilities for both parties.
This Lease Termination Agreement (the "Agreement") is made effective as of [Date of Agreement], by and between Janice Parker ("Landlord") and Jane Doe ("Tenant"), collectively referred to as the "Parties," with respect to the property located at 1234 Elm Street, Springfield IL, 62701, United States (the "Property").
1.1. Termination Date
The Parties hereby agree to mutually terminate the Lease Agreement entered into on [Date of Original Lease Agreement], as of [Termination Date], on which date the Tenant shall arrange to move out of the Property and deliver possession thereof to the Landlord (the "Termination Date").
2.1. Security Deposit Refund
Subject to the Landlord's right to deduct any amounts owed as provided under the Lease Agreement and pursuant to applicable laws, the Landlord shall return the Tenant's security deposit in the amount of $[Security Deposit Amount], within the time frame and in accordance with the requirements of the governing state law.
2.2. Inspection and Deductions
Within a reasonable period of time not exceeding the time frame specified by the applicable laws following the Tenant's surrender of the Property, the Landlord shall inspect the Property, make any necessary deductions from the security deposit due to unpaid rent, fees, charges, and any costs required to remedy Tenant's alleged default(s), and provide Tenant with a written itemization of the deductions, including amounts withheld and the purposes for which they were withheld.
3.1. Removal of Tenant's Personal Property
By the Termination Date, Tenant shall remove all personal property, furnishings, appliances, and any other items brought into the Property by Tenant or their agents, employees, or invitees, and ensure all such items are properly disposed of, or donated if applicable, in compliance with local waste disposal and recycling regulations.
3.2. Property Condition and Repairs
Tenant shall restore the Property to the condition it was in at the commencement of the Lease Agreement, except for ordinary wear and tear, and shall promptly make any necessary repairs for any damage to the Property caused by Tenant's use or occupancy. Tenant shall provide Landlord with a list of completed repairs and any evidence of such repairs as may be reasonably requested by Landlord.
Upon vacating the Property, Tenant shall thoroughly clean the Property, including but not limited to, fixtures, appliances, flooring, windows, and any common areas. Should Tenant fail to properly clean the Property, Landlord may, at their sole discretion, hire a professional cleaning service and charge the costs thereof to Tenant, which shall be deducted from the security deposit.
3.4. Property Inspection and Delivery of Keys
Upon completion of the required removal, repairs, and cleaning, Tenant shall contact Landlord and schedule a walk-through inspection of the Property. Upon satisfactory inspection and approval by the Landlord, Tenant shall deliver all keys, entry devices, and other access materials to the Property to the Landlord.
This Agreement shall be governed and construed in accordance with the laws of the United States. The Parties submit to the jurisdiction of the state and federal courts located in the state and/or governing jurisdiction of any dispute arising from or in connection with this Agreement.
This Agreement constitutes the entire agreement of the Parties in relation to the termination of the Lease Agreement and supersedes any prior oral or written communications, representations, or agreements between the Parties with respect thereto. This Agreement may not be amended except in writing signed by both Parties.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Lease Termination Agreement as of the date first above written.
Janice Parker (Landlord) Jane Doe (Tenant)
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In this Lease Termination Agreement, you will see the following sections:
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