A residential lease termination is a formal document that specifies the details of the termination of a residential lease agreement or contract formed between a lessor and a lessee. This document consists of the terms and conditions based on which the parties agree to terminate the lease. A residential lease termination also specifies the date of termination of lease, details of the involved parties, monetary details etc. If you are looking for a sample of a residential lease termination, then you can refer to the following given sample for help.
Sample Residential Lease Termination
This residential lease termination has been formed by and between the LESSOR and the LESSEE which are the participants of the residential lease that was formed on 28th Oct 2011.
This lease termination shall come into effect from 28th Oct 2012.
The details of the parties are given as follows:
Details of LESSOR
Name of lessor: Mr. Tim Peterson
Address of lessor: A-89, first floor, Markson tower, London
Contact number: 48340305350
Details of LESSEE
Name of LESSEE: Mr. Robert Brown
Address of LESSEE: 8-h, second floor, Jack street, London
Contact number: 438743050345
Details of residential complex which was put under lease:
Address: S-56, Greg Street, London
Time period of lease: 12 months
Lease payment per month: $800
Total lease payment: $9600
Unpaid amount: $0
This residential lease is coming into termination due to completion of lease time period of 12 months.
The following are the terms and conditions of the termination contract:
- The LESSEE must pay all dues before vacating the residential property before the termination date.
- The LESSOR has the right to put the property on lease from the next day of the termination date and the LESSEE shall be forced to leave if he hasn’t done so in advance
- The LESSEE shall fix damages and leave the residential property in the same condition as it was given to him.