Need out of a lease before it ends — or need a tenant out early? PaperKit drafts a proper Lease Buyout & Early Termination (Surrender) Agreement between the landlord and tenant (residential or commercial). Pick who's driving it: the tenant pays a buyout fee to be released, the landlord pays the tenant to vacate early, or it's mutual. PaperKit writes the who-pays-what section, computes the fee against the remaining rent you'd otherwise owe (months left × rent, with the savings or premium), sets the surrender date, and handles the security deposit — applied to the fee, refunded, or forfeited. A Mutual Release frees both sides from what comes after. Hosted online for the tenant to review & e-accept. Clean PDF.
The big lever — who pays whom. It writes the fee section and the release/consideration language.
The tenant pays the landlord a buyout fee to be released early.
PaperKit computes the rent that would otherwise be owed to term (months left × rent) and compares it to the fee — the savings (tenant path) or premium (landlord path).
“Apply to fee” nets the deposit against the buyout fee and computes the remaining balance (or refundable excess).
A real, section-by-section early-termination agreement. Who's-driving-it drives the fee section and the release language; PaperKit does the remaining-rent and deposit math. Publish to get a hosted link the tenant can e-accept online.
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A lease buyout / early-termination agreement is a template for convenience, not legal advice. It ends an existing lease early; the underlying lease and applicable state and local law (including security-deposit and notice rules) continue to govern. PaperKit is not a law firm. Review the agreement and consult a qualified attorney.