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Mutual commercial lease termination agreement pdfLease Termination Agreement • October 23rd, 2020 • Delaware
Created by &Lawyers; Professionals Professional Looking Formatting Simply fill-in-the-blanks & print 100% customizable MS Word Document Compatible with all office apartments The landlord and tenant can mutually agree to terminate the lease at any time. This agreement is called mutual termination. Mutual termination is an agreed agreement and may terminate the lease agreement under any conditions that are acceptable to both parties. Neither party is obliged to agree to terminate each other. The conditions for mutual termination should benefit both parties. Mutual termination should at least set a date of removal, determine what happens to the deposit, and determine the amount and repayment of all money owed to one party by the other party. Click here to view the sample exit form. In the face of eviction, mutual termination can be valuable for both landlords and tenants. For tenants, mutual termination gives a set move-out day, prevents eviction on rental history, and may retain
