A District of Columbia Partial Release of Lease is a legal document that allows a landlord and tenant to make changes to an existing lease agreement. It is commonly used when the tenant wishes to be relieved from their obligations for a portion of the leased property. Keywords: District of Columbia, partial release of lease, lease agreement, landlord, tenant. There are several types of Partial Release of Lease documents specific to the District of Columbia. These include: 1. Partial Release of Lease Agreement: This type of release is used when the landlord and tenant agree to modify the lease agreement for a specific portion of the leased property. It specifies the terms and conditions for the partial release, including the area or unit being released and any adjustments to rent or other obligations. 2. Partial Release of Lease Liability: In this type of release, the tenant seeks to be relieved from liability for a portion of the leased property. It may be applicable when the premises are too large for the tenant's needs, and they wish to downsize their leased space. 3. Partial Release of Leasehold Interest: This release is used when the tenant wants to transfer their interest in a portion of the leased property to another party. It allows for the assignment or subletting of a part of the premises while retaining the tenant's overall leasehold interest. 4. Partial Release of Lease Option: This type of release is utilized when the lease agreement includes options for expansion or additional space. A partial release allows the tenant to give up their rights to exercise these options for specific areas of the leased property. Each type of Partial Release of Lease in the District of Columbia requires a detailed description of the leased premises being released, including the specific boundaries, details of the rental adjustments, and any additional obligations or terms agreed upon by both parties. In conclusion, a District of Columbia Partial Release of Lease is a legal instrument that enables landlords and tenants to modify an existing lease agreement for a specific portion of the leased property. Understanding the different types of partial releases can help landlords and tenants navigate real estate transactions effectively while adhering to the laws and regulations applicable in the District of Columbia.
District of Columbia Partial Release of Lease
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