Lease Cancellation Agreement

A canceled lease agreement serves as a formal record that both the landlord and tenant have consented to terminate the lease early. The form typically includes essential details such as the names of the landlord and tenant, the address of the leased property, the original lease start and end dates and the agreed-upon termination date. It also specifies any terms related to the termination, such as financial settlements, the return of security deposits or responsibilities for property maintenance upon vacating. By clearly documenting these terms, the agreement helps prevent potential disputes and provides legal protection for both parties.

Landlords and tenants who wish to execute a cancellation of a lease agreement before its scheduled end date should complete a Lease Cancellation Agreement. This document helps prevent disputes by clearly stating termination terms, financial responsibilities and property return conditions.

After signing, both parties should retain a copy. Landlords may keep it in their rental records, and tenants should store it for reference. In some cases, a notice may need to be filed with a rental authority or local agency.