Document background
The Termination Of Lease And Surrender Agreement is a crucial document used when parties wish to formally end a lease before its scheduled expiration date under English and Welsh law. This agreement is typically employed when both landlord and tenant mutually agree to terminate their lease relationship early, whether for commercial reasons, change in circumstances, or other factors. The document addresses key aspects including the surrender date, financial settlements, property condition, outstanding obligations, and mutual releases. It provides legal certainty and protection for all parties by clearly documenting the terms of the lease termination and ensuring compliance with relevant property legislation.
