An Agreement to Cancel Lease is a written document between two parties, typically a landlord and tenant, that terminates the lease and all of its obligations. This type of agreement is often used to end a tenancy early, allowing the tenant to vacate the premises without being held liable for the remaining lease term. There are two main types of Agreement to Cancel Lease: mutual agreements and unilateral agreements. A mutual agreement is one in which both parties agree to terminate the lease, and both must sign the agreement in order for it to be legally binding. This type of agreement usually includes a clause stating that both parties are released from all obligations under the lease, including any remaining rental payments. A unilateral agreement is one in which only one party agrees to terminate the lease, such as when a landlord agrees to let a tenant out of their lease early. The agreement will typically state that the tenant is released from all obligations under the lease, including any remaining rental payments, but the tenant must still sign the agreement in order for it to be legally binding. In both types of Agreement to Cancel Lease, the agreement should be in writing and include the parties' names, the property address, the date the agreement was signed, and any other relevant information.