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Deed of Surrender of Lease

PROP.CO.22

This Deed of Surrender of Lease should be used where the landlord and tenant have agreed to bring the lease to an end before the end of the contractual term.

The Deed provides for the tenant to surrender the lease to the landlord and for both parties’ obligations under the lease to come to an end. The landlord may have agreed to pay a premium for the surrender and there is optional wording to provide for this.

Sometimes a landlord will require a tenant to make a payment in respect of dilapidations before the lease is surrendered. Such a scenario is not covered by this Deed of Surrender.

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 Lease is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

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