Document background
A Lease Surrender Agreement becomes necessary when both landlord and tenant wish to terminate their lease relationship before the contracted end date. This document, governed by English and Welsh law, formally documents the terms of surrender, including the release of parties from their obligations, any financial settlements, and arrangements for vacant possession. It ensures compliance with property law requirements and provides certainty for all parties involved. The agreement typically includes details about outstanding rent, service charges, dilapidations, and other relevant matters that need to be resolved as part of the surrender process.
