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Cancellation Of Lease
WHEREAS a certain lease was executed on [Date] by and between [Name] of [Address], hereinafter referred to as "Landlord", and [Name] of [Address], hereinafter referred to as "Tenant" for the premises described as follows:
WHEREAS, the parties now desire to cancel said aforementioned Lease;
IN CONSIDERATION OF GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged; the above parties hereby agree that said lease will be terminated and canceled effective [Date]. As of which time, Tenant agrees to vacate said premises.
With the exception of those rights and obligations accruing prior to said date and which have not been exercised, performed or discharged, all rights and obligations of the parties under said lease shall be canceled and discharged as of said date.
This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, their heirs, successors and assigns.
In connection with this Agreement and the transactions contemplated hereby, each party to this Agreement will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Agreement and the transactions contemplated hereby.
This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
Exclusion of Oral Statements. This instrument contains all of the agreements of the parties. No oral or other statements shall be binding on either of the parties hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties thereto.
Applicable Law. This Agreement shall be governed by the laws of the State of [State].
This Section for Notary:
STATE OF -------)
) ss: [date]
COUNTY OF ------)
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
[Name of Notary Public]
My commission expires: [date]