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Lease Cancellation Agreement
THIS AGREEMENT (hereinafter referred to as the "Lease Cancellation Agreement") is made and entered into this ____ day of _______________, ____, by and between ___________________________________ (hereinafter referred to as "Landlord") and ________________________________________ (hereinafter referred to as "Tenant," for the Property located at ____________________________________.
Tenant leases property from Landlord pursuant to a written lease, which lease is attached hereto and incorporated by reference. Tenant has asked for permission to cancel the lease agreement between the parties prior to the expiration of the lease. Tenant wishes to vacate the premises by ____________________, without giving proper notice as required in the lease agreement.
Landlord agrees to cancel the lease agreement between the parties provided that Tenant completes all of the following acts:
Tenant shall provide Landlord with written notice of intent to vacate.
Tenant shall pay to Landlord the current month's rent of $_______________ by _____________________.
Tenant shall pay to Landlord an additional amount of $________________ by ____________________.
Tenant shall promptly return all keys to Landlord and completely move and vacate the premises on or before ________________________________, which shall be considered the effective cancellation date.
Tenant shall provide a forwarding address to Landlord prior to vacating the premises.
Tenant shall leave the premises in a clean condition and free of any and all damages.
Tenant shall permit Landlord to show the premises to any prospective tenant, with one hour notice, at any time during the following hours: ________________________. In the event Tenant cannot be given one hour notice, after Landlord has made a good faith effort to do so, Landlord may enter the premises and show the premises to a prospective tenant.
Tenant hereby releases any and all claims or causes of action that Tenant may have or that shall arise in the future against Landlord, or against Landlord's employees or agents arising out of the lease agreement.
In the event that Tenant fulfills all of the obligations listed above, Landlord agrees to the following:
Landlord shall release Tenant from any further obligation to pay rent beyond the amounts listed above.
Landlord shall not report any poor performance or unfavorable information regarding Tenant to any credit or tenant reporting agencies.
Landlord shall apply and/or return the security deposit pursuant to the terms of the Lease Agreement attached hereto and incorporated by reference.
In the event Resident does not fulfill the terms above or is in default under any of the terms of the rental agreement, management shall have the right to keep and apply the aforesaid cancellation fee toward any damages arising as a result of such default.
THIS LEASE CANCELLATION AGREEMENT is made on this ____day of, ____________ ,____
As to Landlord this ______ day of ________________________, _____.
_________________________________ Date: ______________
As to Tenant, this ______ day of ________________________, _____.
__________________________________ Date: ______________