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___________________________ (hereafter "Landlord") and ___________________________ (hereafter "Tenant") hereby agree to the following:
The Tenant, residing in the Property at {address} under a {lease type} lease through {date}, agrees to prematurely vacate the property at the Landlord's request.
By agreeing to a premature lease break, the Tenant has agreed to a Relocation Payment of {amount of money} to move out on {date}. The Tenant will be paid {amount of money} less each day beyond the agreed-upon date that he/she remains on the premises. The Tenant will be paid {amount of money} more each day beyond the agreed-upon date that he/she leaves the premises.
To qualify for the Relocation Payment, the Tenant must have removed all persons and personal belongings currently residing at the Property. He/she must have also returned all keys, pass cards, borrowed equipment, and other property belonging to the Landlord. The Landlord will perform a final inspection before providing the Relocation Payment.
If any aspect of the building, structure, provided furniture, carpeting, furnishing, floors, walls, ceiling, or equipment be damaged, altered, or impaired (outside of everyday wear and tear), the Tenant will be liable for the full cost of repairing or replacing the item. The cost of all repairs will be deducted from the Tenant's Relocation Payment. If the cost exceeds the amount of the Relocation Payment, the Tenant will be compelled to provide the extra funds.
Once the Tenant has vacated the property, the previous lease dated {date} will be considered terminated.
In witness to their agreement to the terms of this contract, the parties affix their signatures below:
____________________________________
Landlord, signature & date
____________________________________
Tenant, signature & date
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