Letters and Forms

This release agreement made on _______ (date), by ___________, (name of Lessor), of ______________ (address), ________ (city), _______ (state) and ___________________________, (name of Lessee), of _____________________ (address), ________ (city), _______ (state).
On _____________ (date), a lease agreement was executed between Lessor and Lessee for the premises located at ______________________________ (address), ________ (city), _______ (state), a copy of which is attached hereto and made a part hereof.

The parties desire to settle all claims of Lessor with respect to said Lease and to terminate all obligations of either party.
Therefore, in consideration of the sum of __________ (amount) dollars, from Lessee, the receipt of which is hereby acknowledged, Lessor does hereby release Lessee from all obligations and duties of Lessee set forth in the above referenced Lease. In consideration of the release set forth above, Lessee hereby surrenders all rights in and to the subject leased premises. That possession of said premises shall be delivered up to Lessor immediately on the execution of this instrument, and that Lessor is relieved of any responsibilities under the aforementioned Lease.

This agreement is binding upon and inures to the benefit of the heirs and assigns of both parties hereto.
In witness whereof, the parties to this release agreement have executed this instrument at __________ (place of execution) on ___________ (date).