Document background
The Early Termination of Lease Agreement Form is a critical document used across Canadian provinces and territories when either the landlord or tenant needs to end a lease agreement before its scheduled expiration date. This document becomes necessary in various situations, such as tenant relocation for employment, landlord's decision to sell the property, or mutual agreement to end the tenancy early. It includes essential elements required by Canadian law, including specific termination dates, financial settlements, property condition requirements, and mutual releases. The form must comply with provincial/territorial residential tenancy acts, which can vary by jurisdiction, particularly regarding notice periods and allowable reasons for early termination. It serves as a legal record of the agreement between parties and helps prevent future disputes by clearly documenting the terms of the early termination.
