Document background
The Early Termination Of Lease Addendum is a crucial document used in Canadian residential and commercial leasing when circumstances require the premature ending of a lease agreement. This document becomes necessary when either the tenant needs to vacate the property before the lease's natural end date, or when both parties mutually agree to terminate the lease early. It typically includes essential elements such as the termination date, financial settlements, property condition requirements, and release of future obligations. The addendum must comply with provincial tenancy laws, which vary across Canadian jurisdictions, and should be customized to address specific provincial requirements. This document helps prevent potential disputes by clearly outlining the rights and responsibilities of all parties involved in the early termination process.
