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Cancellation of Lease

The document cancels a lease agreement between a landlord and tenant for a property. It specifies that the lease will be terminated and canceled effective on a certain date, after which the tenant agrees to vacate the premises. All rights and obligations of both parties under the original lease are discharged as of the cancellation date, except for any that accrued prior to that date. The cancellation agreement will be binding on the landlord, tenant, and their successors.

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GURMUKH SINGH
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285 views1 page

Cancellation of Lease

The document cancels a lease agreement between a landlord and tenant for a property. It specifies that the lease will be terminated and canceled effective on a certain date, after which the tenant agrees to vacate the premises. All rights and obligations of both parties under the original lease are discharged as of the cancellation date, except for any that accrued prior to that date. The cancellation agreement will be binding on the landlord, tenant, and their successors.

Uploaded by

GURMUKH SINGH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CANCELLATION OF LEASE

WHEREAS a certain lease was executed between ________________________________


(hereinafter referred to as “Landlord”) and ____________________________________
(hereinafter referred to as “Tenant”) and dated on _________________________ for the
premises more particularly described as follows: ________________________________
_________________________________________________; and

WHEREAS, the parties now desire to cancel said Lease;

IN CONSIDERATION OF GOOD AND VALUABLE CONSIDERATION, receipt of


which is hereby acknowledged; the above parties hereby agree that said lease will be
terminated and canceled effective ____________________ (Date). As of which time,
Tenant agrees to vacate said premises. With the exception of those rights and obligations
accruing prior to said date and which have not been exercised, performed or discharged, all
rights and obligations of the parties under said lease shall be canceled and discharged as of
said date.

This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, their
heirs, successors and assigns.

Dated: _________________

__________________________ __________________________
Landlord Tenant

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