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The agreement defines the premises and the original lease details, states effective termination timing, and clarifies that remaining lessees continue to be fully bound by all lease obligations from the effective termination date. It also addresses the security deposit by keeping it with the lessor and directing internal negotiation regarding the outgoing lessee’s share.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/lease-termination-agreement-mutual-termination-lessor-and-lessees/279117/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/lease-termination-agreement-mutual-termination-lessor-and-lessees/279117.png","ImageObject",442,249,{"name":88,"@type":89},"\tJames","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-28","2026-09-15",true,{"@type":98,"interactionType":99,"userInteractionCount":20},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What happens to the outgoing lessee under this lease termination agreement?","Question",{"text":108,"@type":109},"The outgoing lessee is released from all obligations under the original lease agreement effective as of the effective termination date. After that date, the outgoing lessee has no further rights or responsibilities.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Do the remaining lessees continue with the original lease?",{"text":113,"@type":109},"Yes. The original lease agreement remains in full force and effect for the remaining lessees, who continue to be bound by its terms and obligations from the effective termination date onward.",{"name":115,"@type":106,"acceptedAnswer":116},"How is the security deposit handled after termination?",{"text":117,"@type":109},"The security deposit remains with the lessor as originally held. The remaining tenants negotiate internally with the outgoing tenant regarding the return of the outgoing tenant’s share of the deposit.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},279117,1791585215,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":20,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},2336474466412,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","LEASE TERMINATION AGREEMENT  \n(MUTUAL TERMINATION BETWEEN LESSOR AND ONE OF THE LESSEES IN A  \nMULTIPLE-LESSEE AGREEMENT)  \nThis, day of ............................................  \nBy the present private writing there appear on the one part ...................................................son [of ............................................. and ........................................ ne](of ............................................. and ........................................ ne)è   born in.................................and residing at........................................................................... ......... and user of e-mail address ................................................ holder of a legally valid identification document number   hereinafter referred to as the Lessor.  \nAnd on the other part  \n  son of   [and .......................... ne](and .......................... ne)è  \n............................born in ............................ and residing  \nat   and user of e-mail address................................................ holder of a legally valid identification document number.................. hereinafter referred to as the Outgoing Lessee, and;  \n  son of   [and .......................... ne](and .......................... ne)è  \n............................born in ............................ and residing  \nat   and user of e-mail address................................................ holder of a legally valid identification document number.................. hereinafter referred to as the Remaining Lessee.  \nPremises:  \nOriginal Lease:  \nThis Agreement refers to the original lease agreement which commenced on …………………….., with a lease term ending on …………………………., with registration number    \nWHEREAS, the Lessor and Lessees entered into the Original Lease Agreement for the Premises described above; and  \nWHEREAS, the Outgoing Lessee wishes to be released from the Original Lease Agreement; and  \nWHEREAS, the Remaining Lessee(s) consent to the Outgoing Tenant being released from the Original Lease Agreement and agree to continue to fulfil the terms and obligations of the Original Lease Agreement; and  \nWHEREAS, the Lessor consents to the release of the Outgoing Tenant under the terms and conditions set forth herein;  \nTHEREFORE, the parties agree as follows:  \n1. Release of Outgoing Tenant  \nThe Outgoing Tenant is hereby released from all obligations under the Original Lease Agreement, effective as of…………………….. .  \n2. Continuation of the Lease  \nThe Original Lease Agreement remains in full force and effect with respect to the Remaining Lessees, who shall continue to be bound by all terms, conditions, and obligations therein from the Effective Termination Date onwards.  \n3. Rights and Obligations  \nAs of the Effective Termination Date:  \na. The Outgoing Lessee shall have no further rights or responsibilities under the Original Lease Agreement.  \nb. The Remaining Lessees shall assume full responsibility for fulfilling all obligations under the Original Lease Agreement, including but not limited to rent payment, maintenance, and adherence to all terms and conditions.  \n4. Security Deposit  \nThe security deposit will remain with the Lessor as originally held under the Original Lease Agreement, and the Remaining Tenants will negotiate internally with the Outgoing Tenant regarding the return of the Outgoing Tenant ’s share of the deposit.  \nLessor: Outgoing Lessee:  \n[Lessor's Full Name] [Outgoing Lessee's Full Name]  \nDate:   Date:    \nRemaining Lessee:  \n[Remaining Lessee's Full Name]  \nDate:","cbCaivkUT5vMDape","https://ap.wps.com/l/cbCaivkUT5vMDape","pdf",84803,"English","# Mutual Termination Between Lessor and Lessees\n## Release of Outgoing Tenant\n## Continuation of the Lease\n## Rights and Obligations\n## Security Deposit","[{\"question\":\"What happens to the outgoing lessee under this lease termination agreement?\",\"answer\":\"The outgoing lessee is released from all obligations under the original lease agreement effective as of the effective termination date. After that date, the outgoing lessee has no further rights or responsibilities.\"},{\"question\":\"Do the remaining lessees continue with the original lease?\",\"answer\":\"Yes. The original lease agreement remains in full force and effect for the remaining lessees, who continue to be bound by its terms and obligations from the effective termination date onward.\"},{\"question\":\"How is the security deposit handled after termination?\",\"answer\":\"The security deposit remains with the lessor as originally held. The remaining tenants negotiate internally with the outgoing tenant regarding the return of the outgoing tenant’s share of the deposit.\"}]","Lease Termination Agreement - Mutual Termination - Lessor and Lessees | PDF",1789515639]