Early Lease Termination Agreement (Tenant in Distress) (Commercial Lease) (NJ) | Practical Law

Early Lease Termination Agreement (Tenant in Distress) (Commercial Lease) (NJ) | Practical Law

An early lease termination agreement (sometimes referred to as a surrender and acceptance agreement) used to memorialize the terms of the landlord's and the tenant's agreement to terminate a leasehold interest in commercial real property in New Jersey before the end of the lease term when the lease does not include an express termination right. This Standard Document does not favor one party over the other but has integrated notes with important drafting and negotiating tips for both the landlord and the tenant.

Early Lease Termination Agreement (Tenant in Distress) (Commercial Lease) (NJ)

Practical Law Standard Document w-030-1434 (Approx. 23 pages)

Early Lease Termination Agreement (Tenant in Distress) (Commercial Lease) (NJ)

by Practical Law Real Estate
MaintainedNew Jersey
An early lease termination agreement (sometimes referred to as a surrender and acceptance agreement) used to memorialize the terms of the landlord's and the tenant's agreement to terminate a leasehold interest in commercial real property in New Jersey before the end of the lease term when the lease does not include an express termination right. This Standard Document does not favor one party over the other but has integrated notes with important drafting and negotiating tips for both the landlord and the tenant.