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Mutual Termination Of Lease
This Termination of Lease is made on this ________ day of __________ 20 __, between _______________, of ______________, City of _________, State of ____, and ______________, of ______________, City of ___________, State of _____.
For valuable consideration, the parties agree as follows:
1. The parties are currently bound under the terms of the following described lease:
2. The parties agree to mutually terminate and cancel this lease effective on this date. This Termination Agreement will act as a mutual release of all obligations under this lease for both parties, as if the lease has not been entered into in the first place.
Landlord agrees that all rent due has been paid and that the possession of the property has been returned in satisfactory condition.
3. This Termination binds and benefits both parties and any successors. This document, including the attached lease being terminated, is the entire agreement between the parties.
The parties have signed this Termination on the date specified at the beginning of this Termination.
(Signature of Landlord)
(Signature of Tenant)
(Name of Landlord)
(Name of Tenant)