Mutual agreement of the parties to end a lease; all further obligations of the parties are terminated.
a breaking of a lease agreement or the avoiding of a lease through a mutual agreement by the landlord and tenant.
A voluntary termination of a lease by agreement of the landlord and tenant prior to the normal expiration date.
when a person/company wishes to voluntarily give up title to a lease, licence of occupation or patent. SWEAR - "to declare on oath the truth". The Bible is used for swearing the oath.
ceremony by which an existing tenant gave up a customary holding; usually followed by an admission
the return of leasehold or copyhold property to the lessor or lord of the manor
A formal agreement by which a band consents to give up part or all of its rights and interests in a reserve. Reserve lands can be surrendered for sale or for lease, on certain conditions.
Giving up leasehold rights by a tenant in exchange for a release from future obligations under a lease.
The giving back of an interest in an estate to the person who has the reversion or remainder interest. An example of surrender would be the giving up of the lease by the lessee (tenant) to the lessor (landlord) prior to the expiration of the leasing term. In the case of a lease, surrender by the lessee and acceptance by the lessor terminates the lease either by mutual agreement or by operation of law. Surrender and acceptance occurs by mutual agreement if the lessee offers to terminate the lease, which is the surrender, and the lessor agrees to the offer, which is the acceptance. Surrender is distinguished from mereabandonment. A lessee may not just walk away from a lease and hope to escape legal liability. A lessor does not show acceptance by entering on the realty in order to protect it after abandonment. The landlord may attempt to lease the property for the best terms that he or she can get in order to mitigate (minimize) damages, and to sue the breaching lessee for the actual injury suffered. Surrender and acceptance, however, will occur by operation of law if the landlord takes unqualified possession of the property and gives a new lease without reservation.
A premature conveyance of a possessory estate to a person having a future interest, as when a lessee surrenders the leasehold interest to the owner of the reversion interest, the lessor, before the normal expiration of the lease.
The cancellation of a lease by mutual consent of lessor and lessee.
The termination of a lease by mutual agreement of the lessor (landlord) and lessee (tenant).