Mutual Lease Termination Agreement

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Mutual Termination. The landlord and tenant can mutually agree to end the lease at any point. This agreement is called a mutual termination. The mutual termination is a negotiated agreement, and it can end the lease on whatever terms are agreeable to both parties. Neither party is required to agree to a mutual termination..The tenants agree to vacate the property on or before the above termination date, and, if they fail to vacate the unit in a timely manner, that eviction proceedings will be started immediately. The terms of this notice shall not be changed unless any such changes are in writing and signed by all parties to this agreement..This Mutual Termination of Lease Tenancy is used when both parties agree to release each other from the lease agreement before the actual ending date..