Termination of Lease Obligation

 

This release agreement made on [date], by [name of lessor] , of [address] ,

City of [city] , County of  [county] , State of [state] , herein referred

to as "Lessor", and [name of lessee], of [address] , City of [city] ,

County of [county] , State of [state], herein referred to as "Lessee".

 

On [date] , a lease agreement was executed between lessor and lessee for

the premises located at  [address] ,a copy of which is attached hereto and

made a part hereof.

 

[facts giving rise to this release]

 

The parties desire to settle all claims of lessor with respect to said

lease and to terminate all obligations of either party thereunder.

 

Therefore, in consideration of [amount] ($      ) Dollars, from lessee,

receipt of which is hereby acknowledged, lessor does hereby release lessee

from all obligations and duties of lessee set forth in the above referenced

lease. and lessor, for himself, his heirs, his legal representatives and

his assigns also releases lessee, his heirs, his legal representatives and

his assigns from all claims, demands and causes of action that lessor had,

has or may have against lessee or against his heirs, legal representatives

or assigns in regard to said lease.

 

In consideration of the release set forth above, lessee hereby surrenders

all rights in and to the subject leased premises.  That possession of said

premises shall be delivered up to lessor immediately upon the execution of

this instrument, and that lessor is relieved of any responsibilities or

obligations under the aforementioned lease.

 

In witness whereof, the parties to this agreement have executed this

instrument at [place of execution] this  [day]  of  [month]  , [year]

.

 

_____________________

 

_____________________

 

[Signatures]

 

[Acknowledgment]

 

 


Click filename below to access file

Termination of Lease Obligation.doc




Business Forms Privacy Policy Also See Terms of Service.