A Commercial Lease Termination Agreement is utilized when the parties to a commercial lease consent to terminate the original lease before its expiration date. Having a written termination agreement is beneficial as it clearly sets forth all the terms relating to early termination of the lease, including any termination fees. Having a written Commercial Lease Termination Agreement will prove valuable in the event of misunderstandings or litigation.

Among others, this Commercial Lease Termination Agreement includes the following provisions:

• Parties to the Agreement: This provision contains the identity and names of the parties entering into the agreement;
• Premises: Location of the property on which the lease is being terminated;
• Termination: Sets forth the effective date of the lease termination;
• Lease Termination Fee: Sets forth the amount of any termination fees;
• Signatures: The Landlord and Tenant must both sign this termination agreement.

Protect Yourself and Your Property by using our professionally prepared up-to-date forms.

This lawyer-prepared packet contains:

1. Instructions and Checklist
2. General Information
3. Commercial Lease Termination Agreement for use in Canada

Law Compliance: This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon