Mutual Termination of Tenancy is an agreement between a landlord and tenant to end the tenancy before the end of the lease term. It is also known as a mutual agreement to vacate or voluntary surrender. It is used when both parties agree that it is in their best interests to end the tenancy early. There are two types of Mutual Termination of Tenancy: 1. Termination by Agreement: This type of Mutual Termination of Tenancy is when both the landlord and tenant agree to end the tenancy before the end of the lease term. This agreement must be in writing and signed by both parties. 2. Termination by Court Order: This type of Mutual Termination of Tenancy is when the landlord and tenant both agree to go to court to have the tenancy ended. The court will then issue an order that ends the tenancy and releases both parties from their contractual obligations. Both parties should consult a lawyer before signing any Mutual Termination of Tenancy agreement to make sure that their rights are protected.
Mutual Termination of Tenancy
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