Lease agreement termination agreement

This lease termination agreement is between , an individual a(n) (the "Landlord") and , an individual a(n) (the "Tenant").

The parties have entered into a lease agreement, dated as of (the "Lease"), relating to the premises located at , , , (the "Premises"). A copy of the Lease is attached as Exhibit A.

Under section of the Lease, the parties may terminate the Lease , .

The term of the Lease is scheduled to expire on (the "Expiration Date") and the parties wish to terminate the Lease before the Expiration Date.

The parties therefore agree as follows:

1. TERMINATION.

Effective as of (the "Termination Date"), the parties terminate the Lease. The Lease will be void and of no further binding effect. However, any provision in the Lease that would otherwise survive in accordance with the terms of the Lease will survive the termination of the Lease in accordance with its terms.

2. COMPLIANCE WITH OBLIGATIONS. TERMINATION FEE.

The Tenant is responsible for all of its obligations under the Lease through and including the Termination Date, including the Tenant's obligation to pay monthly rent, additional rent, utility charges, and all other amounts and charges owing under the Lease. On or before the Termination Date, the Tenant shall pay to the Landlord any remaining rent, utility charges, and other charges relating to the Premises that accrued on or before the Termination Date. The Tenant shall indemnify the Landlord against any utility charges or other charges relating to the Premises that are the Tenant's obligation under the Lease and that accrue on or before the Termination Date. On or before the Termination Date, the Tenant shall pay to the Landlord the sum of $ , as full payment for and satisfaction of all amounts and other obligations due under the Lease, including all rent payments, utility and service costs, repair and maintenance obligations, liability for damages, insurance premiums, capital investments, structural repairs, and improvements in the Premises and related costs and expenses, expenses incurred in the removal, destruction, storage, sale, or other disposition of any property left on the Premises after the Termination Date, and all other charges, costs, and expenses incurred by the Landlord as a result of the Tenant's use of the Premises. The Tenant will then have no further obligation to pay money under the Lease. However, if the Tenant remains on the Premises past the Termination Date, the Tenant will be responsible for the full rent after that date.

3. YIELD UP.

On the Termination Date, the Tenant will surrender to the Landlord all of its interest in the Premises. The Tenant shall vacate the Premises on or before 11:59 p.m. on the Termination Date, and leave the Premises in the yield-up condition required under the Lease, which includes leaving the Premises broom clean, free of the Tenant's personal effects and in good condition.

4. SECURITY DEPOSIT.

Under section of the Lease and applicable law, the Landlord is required to remit the security deposit to the Tenant, less deductions for damage. The balance of this security deposit amount has been applied to reduce the amount of the payment otherwise required by section 2 above will be provided to the Tenant in accordance with the terms of the Lease and applicable law .

5. MUTUAL RELEASE OF LIABILITY.