Lease Termination
/ˈliːs ˌtɜːrmɪˈneɪʃən/
Definitions
- (n.) The act or process by which a lease agreement is ended before its natural expiration date, either by mutual consent, breach, or other legal grounds.
The lease termination occurred after the tenant failed to pay rent for three months.
- (n.) The legal effect of concluding all rights and duties under a lease, restoring possession of the property to the landlord.
Upon lease termination, the tenant must return the premises in good condition.
Related terms
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Commentary
Lease termination can result from various legal mechanisms; clear drafting of termination clauses minimizes disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.