Fill and Sign the Lease Agreement City and Borough of Sitka Form

Office Lease Termination Agreement This Lease Termination Agreement (this Agreement) is entered into on _____________ (date) between _____________________ (Name of Lessor), a corporation organized and existing under the laws of the state of _____________________ (name of state), with its principal office located at _________________________________________ (street address, city, state, zip code), referred to herein as Lessor and Name of Lessee), a corporation organized and existing under the laws of the state of _____________________ (name of state), with its principal office located at _________________________________________ (street address, city, state, zip code), referred to herein as Lessee. Whereas, Lessor and Lessee are parties to that certain Office Lease dated _____________ (date), hereinafter called the Lease), for certain space located at _________________________________________ (street address, city, state, zip code), said space being hereinafter called the Premises); and Whereas, the parties now desire to provide for the termination of the Lease, and the return of the Leased Premises to Lessor, prior to the current expiration date of the Lease. Now, therefore, for and in consideration of mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed as follow: 1. Termination. The parties agree that in lieu of the original expiration date of _____________________ (date), the Lease shall terminate on __________________ (date), hereinafter called the Termination Date. Prior to the Termination Date, Lessee shall quit the Premises and surrender and return the Premises to Lessor, in broom clean condition. 2. Lease Termination Fee. In consideration for Lessee being relieved of further obligations under the Lease after the Termination Date, Lessee and Lessor agree that Lessee shall pay Lease Termination Fee of $_________. This payment shall be made to Lessor by __________________ (date). 3. Mutual Release. Upon Lessee satisfying its obligations set forth in this Agreement, Lessor releases, discharges and waives any claims known or unknown, against Lessee , its successor, assigns, officers or directors, arising out of or in any way connected with the Lease through the date hereof, and Lessee releases, discharges and waives any claims, known or unknown, against the Lessor , its successors, assigns, officers or directors, arising out of or in anyway connected with the Lease through the date hereof. 4.
Termination by lessor. After the expiration of the lease term, lessor shall exercise its option to terminate the lease terms in accordance with the terms hereof, including termination of the tenant and the return of the premises. 5. Liens. Notwithstanding provision under 1. Above, the lessor shall be the sole and exclusive owner of the premises until the lease terminates and the landlord shall not be responsible for costs of cleaning up damages as a result of such lease termination or cleaning up such damaged premises. 6. Payment of termination fees. Notwithstanding clause 5. Above, lessor shall provide monthly rent at the beginning of every month that is equal to the pro rata of the current month's lease termination fee multiplied by the number of months remaining in the current lease term. 7. Receipts. Upon the termination of the lease, lessor shall send to lessee the following items, as the lessor sees fit: the remaining balance of each month's rent the remainder of the remaining month's first month's rent the remainder of the remaining month (, the following month's rent), plus additional payments, if any additional payments may be due upon the failure of the lessor to make any payments under the lease or lease term extensions, and the lessor shall not owe a rent-credit, interest or penalty. Lessor's right to retain any rental space and/or any fixtures, appliances, furnishings, furnishings accessories, or personal property at the termination. The lessor shall have no obligation to take any action to recover possession for lessee, and the lessor may also choose not to take any action to retrieve tenant items that lease terms require to be returned within thirty days following the lease termination. The lessor's rights to possession of the leased premises continue until the lessor receives written notification from lessee that the rental space has been vacated for any reason, or until sixty (60) days after the lease is terminated. This notification shall be delivered to said lessor either: in person or in writing. If by in person, the lessor shall personally deliver the written notification; or, if by personal delivery, lessor shall send the written notification by certified or registered mail. The lessor shall not be held liable for any damages or losses incurred by lessee resulting from the lessee's failure to abide by the terms of the lease until the sixty (60) days after the lease date. 9. Waivers: the lessor shall have no obligation, either directly or indirectly,