Mutual Lease Termination Agreement

Avoid the long and expensive eviction process with the Mutual Lease Termination Agreement 

Get paid & protect your business with this fill-in-the-blank Mutual Lease Termination Agreement  template. You can have your own agreement in less than 15 minutes by easily following along with my video How-To Tutorial & filling-in-the-blanks. You can send it to your tenant that quickly! This template is for you if you have a tenant who you want to leave and they want to leave but you want to leave the ability to sue them for backed rent. This situation most often comes up when a tenant wants to break their lease because they are relocating or buying a house. As a landlord, you want to document their decision to leave, the date, and the terms on how they are leaving.

—> If you’d rather pay to have someone leave because you need to wet their whistle or because there isn’t a rent delinquency check out my Cash For Keys (Tenant) Template

—> If you’re trying to get remove a tenant who owes you rent, check out my Payment Plan template and Forgive Debt and Leave Agreement

—> If you want access to all my contracts to get possession of your property back, check out the “Eviction Avoidance Bundle”

What do you get? A customizable, instant-download Mutual Lease Termination Agreement template created by a real estate investor (& real estate attorney!) for landlords like you. My Mutual Lease Termination Agreement template can be ready in 15 minutes or less and will save you weeks of waiting for an eviction court date and thousands of dollars in legal fees and lost rent. If you have a tenant who wants to break their lease before the end, this is the agreement to use.

Here's what you get!

• DIY Mutual Lease Termination Agreement  Template — One (1) downloadable, editable .docx file containing a detailed Mutual Lease Termination Agreement  template with highlighted fill-in-the-blanks to make your own.

• How-To Video Tutorial — a video tutorial where I walk you through what each paragraph means (in English, not “legalese”), where you need to put in your personal info, and how to sign it. At the end, you’ll be confident making the Broken Lease Acknowledgement your own.

• Guidelines & Tips Guide — to let you know what to do with this document & how to make it your own.

• BONUS: you’ll receive my C.Y.A. (Cover Your Assets) Checklist to make sure you have everything in place to protect your investment properties.

• BONUS #2: Access to my private Facebook Community - Leveled Up Landlords - for my customers only

WHAT’S A MUTUAL LEASE TERMINATION AGREEMENT?

A Mutual Lease Termination Agreement is a contract you send to your tenant when they notify you they want to break their lease early. Tenants are more likely to take the terms of your agreement seriously if they know they’ve signed a contract with you. That means you get your property back but the tenant understands they are still on the hook if you can’t get the place re-rented.

DO I NEED A MUTUAL LEASE TERMINATION AGREEMENT?

Do you want to get your property back? Then yes! If you have a tenant who wants to break their lease, you need to set clear expectations and conditions and you should definitely put the terms of your agreement in writing. A client contract makes sure that you can…

• Control the date when you get your property back

• Put your tenant on notice that if they are going to break the lease, they are still responsible for the remaining rent

• Protect your property, they are incentivized to not trash the property

• Win-Win, both you and your tenant get something

• and more!

HOW LONG’S THIS GONNA TAKE?

Got 15 minutes? Then you’ll have yourself a legally enforceable Mutual Lease Termination Agreement. Here’s what you should do once you purchase:

• Read the How-To Guide first.

• Next, edit the doc with your information. Follow along with my video How-To Tutorial, which shows you where you need to put in your personal info. You won’t need to do ANY legal writing – just contact info, property information, and the details of the move out.

• Make any necessary changes based on how you want the tenant to leave.

• Use it with your tenant! You can send this document to your tenant in less than 15 minutes. It’s that easy!

WHO IS THIS FOR?

• Landlords who have a tenant who wants to break their lease and needs to keep the tenant accountable for the remaining rent

Learn about a landlord’s legal duty to mitigate in circumstances like this here.

IMPORTANT: This document is a downloadable, customizable general template for you to make your own & to fit your needs. Purchase of this or any other document from this Site does not create an attorney-client relationship between you and Bonnie Galam. The documents, or anything on this Site, should not be construed as legal advice. You should have all documents you use reviewed by an attorney in your jurisdiction to ensure they comply with State and local laws where you own property or conduct business. Contact your local bar association for an attorney recommendation. Bonnie Galam is licensed to practice law in New Jersey and Pennsylvania. Use of this Site, and purchase of any documents or courses, are subject to these Terms of Use.

QUESTIONS? Email Bonnie at bonnie@bonniegalam.com