This Agreed Cancellation of Lease form is a friendly agreement between Landlord and Tenant that allows the cancellation of a lease with no consequences to, or conditions placed upon, either Landlord or Tenant.
Houston Texas Agreed Cancellation of Lease refers to a legally binding agreement between a landlord and a tenant in the city of Houston, Texas, where both parties mutually agree to terminate a lease before its original expiration date. This cancellation typically requires the consent and agreement of both the landlord and the tenant and is often done to address unforeseen circumstances or changes in the tenant's circumstances. The Houston Texas Agreed Cancellation of Lease may have different types depending on the specific circumstances and conditions under which the lease is being terminated. Some common types of Houston Texas Agreed Cancellation of Lease include: 1. Mutual Agreement Cancellation: This involves both the landlord and the tenant willingly agreeing to terminate the lease. Both parties may negotiate and come to an agreement on the terms of the cancellation, such as any financial obligations or compensations owed. 2. Early Termination Due to Circumstances: In situations where there are unforeseen events, such as job relocation, medical emergencies, or financial hardships, the tenant may seek to terminate the lease before its original end date. The landlord may agree to this cancellation, provided certain conditions are met, such as payment of a specified penalty or fulfilling certain obligations. 3. Termination for Breach of Lease: If either the tenant or the landlord fails to comply with the terms and conditions specified in the lease agreement, the other party may seek to terminate the lease. This could be due to non-payment of rent, property damage, or violation of lease terms. In such cases, the aggrieved party may initiate the cancellation process after providing proper notice and an opportunity to rectify the breach. 4. Military Deployment: In recognition of the unique circumstances faced by active-duty military personnel, Texas law provides specific provisions allowing for the early termination of a lease when a tenant receives military orders for a permanent change of station or deployment. Regardless of the type of Agreed Cancellation of Lease, it is essential for both the landlord and the tenant to clearly outline the terms and conditions of the cancellation, including any financial obligations, penalties, or responsibilities. It is advised that both parties consult legal professionals to ensure compliance with applicable laws and to protect their rights and interests throughout the process.
