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
Word
Count (approximate):
Document: 450
words
Explanatory notes:
150
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
