Common Contracts

Letter to end rental lease

June 4th, 2023

• Filed
  June 4th, 2023

When your rental contract ends, it’s important that both parties, the tenant and the owner of the property, sign an agreement to terminate the contract. Not only is this needed to fix the end of the rental period, but also to ensure that all the obligations that both parties have at the end of the contract are fulfilled. To this end, there are two different forms that are typically used to finalise rental agreements in Spain – a “lease termination settlement agreement” and a “lease termination deposit retention agreement”.Although the contract serves as the free expression of the will of both parties and the end of the rental may be terminated in many different ways, the solicitors deSalvador Real Estate Lawyers indicate these two main types of termination agreement:Lease termination settlement agreement: This is like the equivalent of putting a full stop at the end of the contract and closing all the contractual obligations of both parties. This form not only entails the handing over