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Virginia Agreed Cancellation of Lease Form

Virginia Agreed Cancellation of Lease Form

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Hi, Lisa, with real property  Management, Phoenix Valley.  Today I'm going to talk a little bit  about mutual rescission of lease.  Not something that we use a whole lot,  but over the last couple of months we   did have an occasion to use it. Mutual rescission of lease is   basically an executed contract in which  the homeowner and the tenant decided to   terminate the contract, the lease agreement  prior to the legally binding executed end date.  And the reason that we use this recently  is we had a situation, a very unfortunate   situation with a couple who had been renting  one of our homes for a very long time,   and unfortunately, the wife  passed away from Covid.  So the husband reached out to us and just  said that, it was very difficult for him   to continue living in the house and that  the house was really too large for him.  And so we reached out to the homeowners,  you know, we explained the situation.  We had received the death  certi

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