EARLY TERMINATION LEASE ADDENDUM

1. THE PARTIES. This Lease Addendum (“Addendum”) made this [DATE], is by and between: 

Landlord: [LANDLORD’S NAME] (“Landlord”) and

Tenant: [TENANT’S NAME] (“Tenant”).

The Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the “Parties.”

2. ORIGINAL LEASE. This Addendum is being added to the lease agreement dated on [ORIGINAL LEASE DATE], between the Parties for the property located at [PROPERTY ADDRESS] (“Original Lease”).

3. RIGHT TO TERMINATE. The following party(ies) shall have the right to terminate the Original Lease: (check one)

☐ – Landlord (only)
☐ – Tenant (only)
☐ – Both Parties

4. EARLY TERMINATION. The Party(ies) with the right to terminate must provide at least [#] day(s) written notice to terminate the Original Lease.

To terminate the Original Lease, the terminating party must: (check one)

☐ – Pay a Termination Fee of $[AMOUNT].
☐ – Not Pay a Fee.

5. FULL FORCE & EFFECT. Except as specifically mentioned in this Addendum, all other terms and conditions of the Original Lease shall remain in full force and effect.

IN WITNESS WHEREOF, the Parties have executed this Addendum as of the date first written above.

Landlord Signature: ___________________________ Date: ___________
Print Name: ___________________

Tenant Signature: ___________________________ Date: ___________
Print Name: ___________________