Deed of Surrender of Commercial Lease
This Deed of Surrender of Commercial Lease can be used to enable the landlord and tenant of business premises to end the lease before the end of the contractual term.
The Deed confirms that the tenant will surrender the lease to the landlord and that both parties’ obligations under the lease will come to an end. If the landlord has agreed to pay a premium for the surrender there is optional wording to provide for this.
Sometimes the landlord will require the surrendering tenant to make a payment in respect of disrepair to the property (reflecting a breach of the tenant’s repairing covenant). This Deed of Surrender does not cater for this scenario.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Deed of Surrender of Commercial Lease is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.