Fill and Sign the Mutual Release of Obligations under Lease Form

Mutual Release of Obligations under Lease This Mutual Release Agreement is made and entered into on this the ____ day of ____________, 20____, by ____________________________, of ________________________________________________________ (street address, city, state, zip code) herein referred to as Lessor, and ____________________________ r of ________________________________________________________ (street address, city, state, zip code), herein referred to as Lessee.WHEREAS, by instrument dated the ___ day of __________, 20____, Lessee leased from Lessor the premises located at ______________________ (apartment number, if applicable, street address, city, state, zip code) hereinafter referred to as Leased Premises, and a copy of the Lease Agreement is attached hereto as Exhibit A and made a part hereof; andWHEREAS, _______________________________________________________ ________________________________________________________________________ ______________________________________________________________________________________________________________________ (recite facts giving rise to need for release, such as: Lessee has never occupied the leased premises for the reason that he was transferred out of state by his employer); and WHEREAS, the parties desire to settle all claims of Lessor with respect to the Lease and to terminate all obligations thereunder.NOW, THEREFORE, for and in consideration of $____________ from Lessee, the receipt and sufficiency of which is acknowledged, Lessor declares that all obligations and duties of Lessee under the Lease are terminated as of the date of this instrument. In addition, Lessor, hereby releases Lessee from all claims, demands and causes of action that Lessor had, has or may have against Lessee based on the Lease.In consideration of the termination and release set forth above, Lessee hereby surrenders all rights in and to the Leased Premises. Lessor shall be entitled to retake possession of the premises immediately on execution of this agreement, and shall be relieved from further duties and obligations under the above-mentioned Lease.IN WITNESS WHEREOF, the parties have signed this Mutual Release as of the day and date first above mentioned. ________________________________ ______________________________ Lessor Lessee