Document background
A Lease Break Agreement becomes necessary when parties wish to terminate a lease before its natural expiry date. This document, governed by English and Welsh law, provides a structured framework for early lease termination, protecting both landlord and tenant interests. It typically includes specific termination dates, financial settlements, property condition requirements, and ongoing obligations. The agreement ensures compliance with the Landlord and Tenant Act 1954 and related legislation, while addressing practical matters such as deposit returns, dilapidations, and service charge reconciliations.
