Lease Termination Form
Lease termination forms are an important part of renting out your property to tenants. Landlords must give tenants notice before terminating the lease, either orally or in writing, prior to bringing an end to the tenancy. The purpose of a lease termination form is to confirm whether the agreement has been terminated and to confirm which other property rights the tenant has with the capital provided under the lease agreement.
What is Lease Termination Form?
When a tenant moves out, they may fill out a lease termination form. Landlords in most countries require tenants to sign this document before the end of the lease term within a fixed number of days after the end of the month in which the notice is sent. This document lists out what needs to be done in order to complete the move-out process successfully.
A lease termination form removes oversight for both the tenants and the owner of a property. A proper lease termination form specifies date, specification of property leased and further details of the tenants. It is a crucial document that can be exercised by both the owner and tenant to protect themselves incase of a dispute. Owners an use it incase a violation of lease terms occurs while tenants can use it to protect themselves against unforeseen charges, premature notices etc.