Q. What is a lease release?

A. It is a release form that can be used by a landlord and a tenant, when the landlord has agreed to release a tenant from the lease agreement before it is set to expire. Both parties sign it, and it provides you, the tenant, with an early release from your lease and its obligations.

Q. I am a commercial tenant, will your lease release work for me?

A. Absolutely. Our lease release form can be used by commercial tenants as well as residential tenants; in fact, it is specifically designed to be applicable for both situations. As long as both you and the landlord agree to terminate the lease agreement then our lease release will work for you.

Q. When would I need to use a lease release?

A. There are a lot of different situations that can arise which can cause you to need to be released from your lease before its term has expired. Perhaps you have gotten a job in a new state and you need to move there as soon as possible. Maybe you have a sick family member that you need to move in with and take care of, so you can no longer stay in your apartment. Or maybe you yourself have become ill, so that you can no longer run your business and therefore you need to be released from your commercial lease. For any of the aforementioned reasons, and for countless others, you may need a lease release so that you can terminate your lease early and not be held accountable for the remainder of the lease term. Our lease release puts that agreement into writing, so that you have proof that you were released early from your lease term.

Q. Does my landlord have to approve of the lease release?

A. Yes, a lease release is not effective unless your landlord has agreed to release you from the lease and will sign the form. Both signatures, yours and the landlord's, are required on the lease release, and the form is not binding unless it has been filled out and it has both signatures. Therefore you will need to talk with your landlord, possibly explain your situation, and hopefully the two of you can come to an agreement and an early release from your rental agreement will be allowed. Remember though, for your legal protection you need to make sure that the agreement is put into writing by using a lease release to memorialize it.

 


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