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MUTUAL CANCELLATION OF LEASE Letter Template

We’ve prepared a bundle of letter templates to be used in general business situation. Feel free to use them with our compliments. However we ask that you do not reproduce these templates on any medium for public display or re-sale.

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MUTUAL CANCELLATION OF LEASE

FOR GOOD CONSIDERATION, _ [Lessee], and _ [Lessor], under a certain lease agreement between the parties under date of _, 20_ [Lease], do hereby mutually agree to terminate and cancel said Lease effective _, 19_ and all rights and obligations under said Lease shall thereupon be cancelled excepting only for any obligations under the Lease accruing prior to the effective termination date.

This agreement shall be binding upon the parties, their successors, assigns and personal representatives.

Signed under seal this _ day of _, 20_.

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