Early Termination Of Commercial Lease Agreement Template – US

Disclaimer

The following information is provided for general understanding regarding the termination of a commercial property lease before its scheduled end date. It is intended solely as an example for informational purposes and does not substitute legal advice. Laws and regulations governing such terminations vary by jurisdiction, and specific legal requirements or procedures should be consulted with a qualified attorney specializing in real estate or contract law. Users are responsible for ensuring that any action taken complies with applicable laws, and we disclaim any liability for errors, omissions, or consequences resulting from reliance on this information without professional legal review.

Please note: This is a sample Early Termination of Commercial Lease Agreement template for illustrative purposes only. Actual terms may vary based on specific agreements and applicable laws.

Early Termination of Commercial Lease Agreement Sample

Parties Involved:

Landlord: ABC Commercial Properties LLC
Address: 123 Business Rd., New York, NY 10001

Tenant: XYZ Enterprises Inc.
Address: 456 Market Street, New York, NY 10002

Property Description:

The leased premises are located at 789 Broadway, New York, NY 10003, or other designated commercial space as specified herein.

Termination Terms:

The tenant hereby agrees to terminate the lease effective on ______________________, subject to the terms outlined in this agreement and applicable laws.

Tenant Responsibilities:

The tenant shall vacate the premises by the termination date, remove all personal property, and settle any outstanding obligations as specified in the original lease agreement.

Landlord Responsibilities:

The landlord shall return any security deposit after deducting applicable charges and ensure the property is returned in good condition, barring normal wear and tear.

Governing Law:

This agreement shall be governed by the laws of the State of New York. Any disputes shall be resolved within the courts of New York County.

Additional Provisions:

• Both parties agree to conduct a joint inspection of the premises upon vacating.
• This agreement can only be amended in writing signed by both parties.
• All outstanding obligations under the original lease must be settled prior to the termination date.

New York, ______________________