An early termination lease rent is a legally binding document which is framed between a lessor and a lessee in order to seal the terms of early termination of a lease agreement. These documents are formed in order to give the date of the termination of the lease. Such documents are prepared only in the case when the parties agree to terminate the contract a little earlier than the fixed termination date. Given for your reference is a sample of an early termination lease rent document that can be used by anyone for help.
Sample Early Termination Lease Rent
This early termination lease rent has been formed by and between the lessor and the lessee to mark the termination of the lease contract signed between them.
This termination shall take place prematurely because the lessee has failed to make lease payment of three months in succession.
The details of the parties are given as follows:
Name: Mr. Tim Mathews
Address: A-45, first floor, petting tower, London
Mobile phone: 4798327434
Name: Mr. Jim Morrison
Address: A-34, second floor, Manhattan square, London
Mobile phone: 4893430950
The details of the lease are given as follows:
Lease type: commercial space lease
Address of commercial space: 3-d, third floor, Kell tower, London
Effective period: 12 months
Commencement date: 12th June 2012
Early termination date: 5th May 2012
The following are the terms and conditions of the contract:
- The LESSEE agrees the fact that the LESSOR wishes to terminate the contract because the nonpayment of rent for three months in succession.
- The LESSEE would have to vacate the commercial space one week before the termination date.
- The LESSOR cannot force the LESSEE to vacate the premises before the due date.
- The LESSEE must settle all due payments within 6 months.