A Lease Release Letter is essential when both parties agree to terminate a lease agreement before its scheduled end date. This document, widely used across the United States and subject to state-specific regulations, provides written confirmation of the lease termination and releases both landlord and tenant from future obligations. The letter typically includes important details such as the property address, original lease dates, release effective date, and terms regarding security deposits. It serves as crucial documentation for legal and financial records, protecting all parties involved from future claims or disputes regarding the terminated lease.
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1. Date and Address Block: Current date and full contact information for both parties
2. Property Identification: Clear description of the leased property being released
3. Original Lease Reference: Details of the original lease agreement including date and parties
4. Release Statement: Clear statement of lease termination and effective date
5. Security Deposit Status: Statement regarding the handling of security deposit
1. Move-out Inspection: Details of property condition assessment, used when damage assessment is relevant
2. Outstanding Payments: Reference to any remaining payments, used when there are pending financial matters
3. Forwarding Address: New address for future correspondence, used when tenant is relocating
1. Original Lease Copy: Reference copy of the original lease agreement
2. Property Inspection Report: If applicable, documentation of property condition
3. Payment Records: If relevant, documentation of paid/outstanding amounts
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