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What is an Agreement to Cancel Lease?

Whether you're a landlord or a tenant, there are times when you may need to break your lease earlier than expected. Creating and signing an Agreement to Cancel Lease with the other party legally dissolves your landlord-tenant relationship. With an agreement in writing, you can move forward and find new rental situations that work for you. 
 
An Agreement to Cancel Lease is a helpful tool for both landlords and tenants needing to end a lease before the original lease termination date. For example, if you're a tenant who just got a job in another state, or you're a landlord planning on selling your rental property, creating an Agreement to Cancel Lease allows you to get out of your original lease while protecting your legal rights. Your written agreement should include information like: the address of the rental property; whether the landlord and the tenant are individuals or companies; the contact information for both parties; the end-date of the original lease; the new lease termination date; and when this lease cancellation will be signed by both parties. Depending on the original lease conditions, there may be a penalty for cancelling the lease, but you may come to an agreement to waive the additional fees.

When to use an Agreement to Cancel Lease:

  • Both parties have agreed that a lease agreement will terminate on a date different than the date specified in the original lease.

Sample Agreement to Cancel Lease

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AGREEMENT TO CANCEL LEASE

 

 

The forwarding address for the Tenant is , ,  . Any mail, security deposit or other statement from the Landlord as required by law shall be sent to the above address.

 

This Agreement will be signed by on behalf of , and by , and by , and by on behalf of , and by , and by .

 

LANDLORD: 

 

 

 

By:   Date:  

 

By:   Date:  
By:   Date:  

 

 

TENANT: 

 

 

 

By:   Date:  

 

By:   Date:  
By:   Date:  

 

 

 

Final Checklist for Agreement to Cancel Lease

For Property Located at:

,  

 

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Next Steps: Make It Legal

 

_____ Look over Agreement to Cancel Lease to ensure it matches your intentions. If you'd like to make changes, you can download this document in Microsoft Word, or you can make edits using the Document Manager on Rocketlawyer.com.

 

_____ You can use Rocket Lawyer's e-signature service to electronically have each party sign the document. Or, have the parties sign and date duplicate hard copies of the Agreement to Cancel Lease.

 

_____ If the original lease agreement has been recorded, it is recommended that this Agreement be recorded as well, which, in turn, usually requires that the document must be notarized. In that case, the specific requirements of the relevant state should be determined with respect to notarizing and/or recording the Agreement.

 

Copies

 

Share or give a signed copy of the Agreement to:

 

_____
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Reasons to Update

 

* Parties have agreed to a different termination date from both the original date and a previous alternative date.

 

Members can always consult an attorney at no extra cost!

 

* If you have quick questions or wish to review this document with an attorney, you can do so for free. Rocket Lawyer's On Call® service makes it fast and easy to speak with a local attorney. Get started by visiting the Find a Lawyer tab on our site, or calling (866) 243-2183.

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