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Agreed Written Termination of Lease by Landlord and Tenant - Indiana 2025

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The document outlines the agreed termination of a lease agreement between the landlord and tenant, specifying the effective date of termination, conditions for surrendering the premises, and the release of obligations upon fulfillment of those conditions.

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What is the addendum to a lease termination?

An early lease termination addendum is a legal document that allows either the landlord or tenant to cancel their lease agreement. This is commonly permitted at the tenants request and requires at least 30 days notice while paying a termination fee equal to one months rent.

What happens if only one person wants to break the lease?

If you have one lease agreement, then one person giving notice ends the agreement for both. In that case, the remaining tenant would need to sign a new agreement with the landlord individually (assuming they still qualify) or with a new co-tenant. There are no fees to the existing tenant.

What is an example of a written notice to terminate a lease?

Sample Letter One Dear [Landlord], This letter is my written notice of termination of my current lease agreement. This letter meets the [number of days] notice requirement per the lease. As stated in the lease, the end date of this lease agreement is [month, day, year].

What does addendum mean on a lease?

Lease addendums are used to provide additional information that the original lease does not cover. In other words, a lease addendum allows you to add an additional document to or adjust the terms of your existing rental agreement.

Is termination of tenancy the same as eviction?

Termination of tenancy is the first step in the eviction process and is often used interchangeably with the term eviction. When terminating tenancy, the owner gives the tenant notice to vacate the unit because of a lease violation(s).

early termination of lease agreement

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What is the lease termination clause?

In a termination clause, either party has the right to request a termination of the entire lease before its expiration. The difference between the early termination clause and the lease termination clause is that the latter shows mutual written consent between the landlords and the tenants.

What are the rules for lease termination in Indiana?

How Many Days of Notice Do Tenants Need to Give Their Landlord Before Leaving? It depends on the type of lease. Those with a monthly lease must send at least one month of notice, whereas those with yearly leases must send at least three months of notice.

How to write a 60 day lease termination letter?

6 tips to consider when writing your intent to vacate letter Read your lease agreement again. Include the date. Be kind and straightforward. Make your new address and contact information prominent. Make scheduling the walkthrough easy. The unit may be shown to prospective tenants. Schedule your move-out inspection.