Termination of Lease Obligation

About this template:

This particular legal document or agreement is used to assist with the termination of a lease obligation. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

TERMINATION OF LEASE OBLIGATION TERMS On [DATE] a lease agreement was executed between Lessor and Lessee for the premises located at [ADDRESS] a copy of which is attached hereto and made a part hereof. [FACTS GIVING RISE TO THIS RELEASE] The parties desire to settle all claims of Lessor with respect to said lease and to terminate all obligations of either party thereunder. Therefore in consideration of [AMOUNT] from Lessee receipt of which is hereby acknowledged Lessor does hereby release Lessee from all obligations and duties of Lessee set forth in the above-referenced lease. Lessor for himself his heirs his legal representatives and his assigns also releases Lessee his heirs his legal representatives and his assigns from all claims demands and causes of action that lessor had has or may have against lessee or against his heirs legal representatives or assigns in regard to said lease.

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