Rental Lease Termination

By | January 21, 2012

A rental lease termination document provides a legal record of the closing terms and conditions of a particular rental lease. Generally, a rental lease refers to one wherein an individual or company takes or gives a property, equipment, commercial object, or any such physical assets, on lease, to another party, with payments made in the form of rents after equal time intervals. However due to any issues, any of the parties involved in a particular lease process can expunge the rental lease within the tenure.

Sample Rental Lease Termination:

This rental lease termination is being framed on thorough consideration of all the terms and conditions applicable to the rental lease [lease number: 95531] signed on the 14th day of April, 2010 between the lessor Anthony Jacobson [permanent address: 9, Lenin Street, London] and lessee Henry Richard [permanent address: 16, Park Road, London]. The owner of the property, herein referred to as the lessor, has agreed to rent the flat at 15/B, Frenchman Apartment, Heinz Street, London, to the tenant, who would be referred to as the lessee here. The flat will be rented on lease till the 14th of December, 2011, that is, for a term of a year and seven months.

This rental lease termination is an agreement signed by the lessee to vacate the flat by the 4th of December, 2011. The lease ensures the payment of an initial amount of $199000 at the time of signing the deal and clearing of all the monthly installments [$4500 per month] including the one for the month of December, 2011.

The flat has been checked and found to be in the perfect state and the lessee has kept up with the terms and conditions of the rental lease. The lessor will be handed back the keys and legal papers of the flat on the 5th day of December, 2011, after which he can use it as a personal property.

I hereby declare that all the information and details provided in the rental lease termination are true to the best of my knowledge and belief.

________________________                                                            ________________________

[Signature of lessor]                                                                            [Signature of lessee]

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