Generally a lease or rental agreement is for a fixed term (e.g., one year or six months) meaning the landlord and tenant are contractually bound for the duration of the lease term. Under certain circumstances both the landlord and tenant may wish to end the lease prior to the expiration of the lease term. In this case it is important that the landlord and tenant enter into a written Lease Termination Agreement. This Lease Termination Agreement will set out in writing the terms the parties agree to in order to terminate the lease. By entering into this type of agreement, the parties can avoid future problems and misunderstanding surrounding the termination of the lease.

These important provisions are included in this Lease Termination Agreement:

• Leased Premises Information: Sets forth the name of the tenant, the tenant’s address and address of the leased premises;
• Date of Termination: Specifies the date the lease is terminated;
• Termination Fees: Sets forth any fees to be paid for early termination;
• Continuing Performance: Specifies the obligations the parties will perform through the lease termination date.

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This lawyer-prepared packet includes:

1. Instructions and Checklist
2. General Information
3. Lease Termination Agreement for use in India

Law Compliance: This form complies with the laws of the states and territories of India