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Deed of surrender: any commercial property lease
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Word count: 450

Deed of surrender: any commercial property lease

Surrender document to terminate any commercial lease by mutual agreement. Includes optional provision for payment by one party to the other and for all obligations to cease

About this document

A “surrender” of a lease is the name of the document which is used to terminate a commercial lease by agreement between the landlord and the tenant. For a formal surrender, the document should be executed in the form of a deed as this one is. It may also be used to surrender any other commercial lease.

A surrender may be immediate and simple, but in many cases the Landlord will want to be sure that the Tenant leaves the premises when required and in the condition required by the lease.  This surrender document covers the Landlord's position thoroughly.

Note that the conditions imposed by the Landlord in return for a payment might be anything.  We have provided here a template which can be used flexibly.

Contents

  • Details of lease to be surrendered
  • Obligation to give up possession
  • Obligations for repair
  • Tenant has no obligations to Landlord, except as stated
  • Landlord has no obligations to tenant except as stated
  • Termination: what happens

Draftsman

This document is drawn by Net Lawman lawyers to comply with current Irish law.

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  • "I liked the document and am a big supporter of templates and independence from solicitors where possible. There are many things we can do ourselves with pro forma templates such as those from your company. The key is to know when to get professional advice and when to go alone. I'll keep an eye for future opportunities to do business with you."

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  • "I have found the product exactly what I wanted and the notes helpful - as well as it being easy to locate, buy and download. There should be a better way of making your product more widely known. I have recently had experience of a tailor-made lease and this left a lot to be desired - whereas your product is well researched and ticks all the boxes. "

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