The Agreement to Cancel Lease should be used when a Landlord and Tenant have mutually agreed to alter the ending date of the lease agreement from its original terms. This Agreement is only suitable for a voluntary termination of a lease term. Both the Landlord and the Tenant need to sign the Agreement for it to be legally effective. This Agreement is not designed for use if one party is looking to unilaterally end the rental relationship (for example, a landlord is trying to evict a tenant for non-payment of rent).
There may be several reasons that the parties wish to alter the length of a lease. Often, a Landlord sells the property to another party who does not wish to have the property occupied by a Tenant. If the parties can agree to an earlier termination to the lease, this document can be used to identify an earlier termination date. Sometimes a Tenant may want to get out of a lease agreement (wants to move, needs a bigger apartment, etc.). If the Landlord is willing to let the Tenant break the lease, this Agreement may be used to clearly show when the lease will end.
This Agreement can be used for both commercial and residential leases. It should be signed by both parties and if there are multiple Landlords or Tenants, all should join in signing. It is not necessary that the signatures be witnessed or notarized.
No.
Read the lease. It may not be possible.
No
It depends on the laws of the jurisdiction & the lease agreement. However, the general answer is "no".
If you signed a lease agreement.He can hold you responsible for the remainder of the lease.Unless you cancel the lease before you transfer.
A lease in itself, is an agreement to lease. All the same.
You can always cancel any kind of lease agreement but there may be costs associated with cancellation of the contract. I would advise you to read your lease terms to see what the cancellation policy is and the terms of the policy if you have not already read them.
The lease probably contains clauses outlining termination procedures. If there are no procedures, or the procedures are unsatisfactory, contact the leasing company to negotiate a satisfactory termination. If the equipment is defective, contact the manufacturer and request a buyback.
No, a lease agreement does not have to be notarized.
Most lease contracts have a clause that reserves the landlord's right to cancel the agreement if certain conditions are met. If you believe your contract does not support that right, then the landlord may be violating the terms of the agreement. The only way to know for sure is to study the contract, or hire the services of a lawyer to help interpret the contract.
A lease agreement could be for the cases of private leasing including residential purposes. A commerical lease agreement is leasing for use of businesses.
A landlord can put a witness signature in a lease agreement. A property owner can also sign as a witness to a lease agreement.