How do you terminate a lease?
If you and the tenant have agreed upon terminating the lease, you should proceed by having the tenant sign this lease cancellation agreement. This agreement should not be used when evicting a tenant or pursuing legal action. A tenant can legally terminate their lease for many reasons, but be aware that laws vary from state to state. Some legal reasons for termination include enlisting in active duty, natural disasters, health and safety code violations, or significant apartment damage outside of the tenant's control. Your lease agreement should include a clause that outlines early termination fees.
What should a lease termination agreement include?
A lease cancellation agreement does not need to be long, confusing, or intricate. This template includes all the necessary components you need to legally terminate a lease early. It contains name fields for both parties, information on the rental unit, and a signature field. This template does include language regarding the enforcement of the terms and conditions of the original lease. Easily customize this lease termination form to include information on tenant liability, fees, and early termination processes.