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picture1_Termination Agreement Template 49265 | Mutual Termination Of Rental Agreement


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File: Termination Agreement Template 49265 | Mutual Termination Of Rental Agreement
this is an enforceable legal agreement read it before signing seek legal advice if you do not understand it mutual termination of rental agreement this is an agreement to end ...

icon picture PDF Filetype PDF | Posted on 19 Aug 2022 | 3 years ago
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                   This is an enforceable legal agreement. Read it before signing. Seek legal advice if you do not understand it. 
                                                                     
                  Mutual Termination of Rental Agreement 
                                                                     
                This is an agreement to end a landlord-tenant relationship. Before anyone signs this agreement, all the 
                blanks must be filled in. It must be signed by each tenant who signed the original written rental agree-
                ment. It must also be signed by the owner of the rental property or someone who has the authority to 
                sign on the owner’s behalf.  
                On or before the effective date of this agreement, the tenant must vacate the rented premises. After 
                the effective date of this agreement, the tenant has no duty to pay rent and the owner may rerent the 
                premises. Any existing rental agreement between the parties is terminated. All of the rights, duties, 
                obligations and liabilities of the parties to that rental agreement are ended except that the owner may 
                seek recovery from the tenant(s) for damage to the rented premises over and above normal wear and 
                tear. The tenant(s) and owner should agree to inspect the premises at the end of the occupancy. 
                If the rented premises are subsidized by a public housing authority (PHA) or other governmental entity,  
                such as through the “section 8” program, the tenant(s) agrees to provide a copy of this agreement to the 
                PHA. Both the owner and the tenant(s) understand that the PHA is an independent entity with its own 
                rules. Under some circumstances, this mutual termination will not be effective without PHA approval. In 
                the event that approval is necessary but the PHA fails to approve, this agreement is void and the rela-
                tionship between the tenant(s) and owner shall continue to exist as if this document was never signed.  
                Unless a shorter time period is stated in the original written rental agreement, the effective date of this 
                agreement must be at least thirty (30) days after the date it is signed by the last person who signs it. If 
                the rent is subsidized, the effective date may be subject to a PHA’s approval. If the PHA fails to approve 
                this mutual termination or the effective date of this agreement, the tenant(s) will immediately notify the 
                owner (or owner’s agent). 
                           Information about the Original Rental Agreement and Effective Date 
                Address of rented premises:                                                                             
                Date of original written rental agreement:                                                               
                Term of original rental agreement: From (date)                          To (date)                       
                Effective date of this mutual termination (when occupancy ends):                                        
                                                 
                 If this mutual termination is not effective on the last day of a monthly rent cycle, the owner and 
                 tenant(s) agree as follows about prorated rent due: 
                                                                                                                           
                                                                                                                           
                                  Information about the Owner (and Owner’s Agent, if any) 
                 The owner of the rented premises is:                                                                      
                 Print the name of the person signing on behalf of the owner:                                              
                 Relationship between owner and signer: (self) or                                                          
                            Information about Tenant(s) who signed Original Rental Agreement 
                 On the lines below, print the names of all the tenants who signed the original rental agreement: 
                 Tenant #1:                                       Tenant #2:                                               
                 Tenant #3:                                       Tenant #4:                                               
                  
                                                               Signatures 
                  
                 Signature of Owner/Agent:                                                 Date:                           
                  
                 Signature of Tenant #1:                                                   Date:                           
                  
                 Signature of Tenant #2:                                                   Date:                           
                  
                 Signature of Tenant #3:                                                   Date:                           
                  
                 Signature of Tenant #4:                                                   Date:                           
                                               Mutual Termination of Rental Agreement - 2 
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...This is an enforceable legal agreement read it before signing seek advice if you do not understand mutual termination of rental to end a landlord tenant relationship anyone signs all the blanks must be filled in signed by each who original written agree ment also owner property or someone has authority sign on s behalf effective date vacate rented premises after no duty pay rent and may rerent any existing between parties terminated rights duties obligations liabilities that are ended except recovery from for damage over above normal wear tear should inspect at occupancy subsidized public housing pha other governmental entity such as through section program agrees provide copy both independent with its own rules under some circumstances will without approval event necessary but fails approve void rela tionship shall continue exist document was never unless shorter time period stated least thirty days last person subject immediately notify agent information about address term when ends ...

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