The Commercial Lease Release Form is a crucial document in Canadian commercial property transactions, used when parties mutually agree to terminate a lease agreement before its natural expiration or to formally document the end of a lease term. This document serves to protect both landlords and tenants by clearly outlining the terms of release, handling of security deposits, property condition requirements, and resolution of any outstanding obligations. It must conform to provincial commercial tenancy laws and typically requires careful review by legal professionals to ensure compliance with local regulations. The form is particularly important in situations involving early termination, property sales, or business relocations, as it provides legal certainty and helps prevent future disputes by documenting the agreed-upon terms of lease conclusion.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the release agreement, including the Landlord, Tenant, and any guarantors
2. Background: Details of the original lease agreement, including date of execution, property address, and term
3. Definitions: Key terms used throughout the document, including 'Lease', 'Premises', 'Release Date', and 'Outstanding Obligations'
4. Acknowledgment of Lease Termination: Formal acknowledgment of the lease termination date and circumstances
5. Release Terms: Specific terms of the release, including mutual releases between landlord and tenant
6. Security Deposit: Details regarding the return or withholding of security deposit
7. Property Condition: Confirmation of the condition of the premises upon surrender
8. Outstanding Obligations: Statement regarding any remaining financial or other obligations
9. Representations and Warranties: Statements confirming the parties' authority and understanding
10. Governing Law: Specification of applicable provincial law governing the release
11. Execution: Signature blocks for all parties and witness requirements
1. Assignment/Sublease Provisions: Required if there are any existing assignments or subleases that need to be addressed
2. Indemnification: Additional indemnification provisions if there are specific risks or concerns
3. Survival Clauses: Specification of which obligations survive the release, if any
4. Confidentiality: Terms regarding confidentiality of the release agreement if required
5. Restoration Requirements: Specific requirements for property restoration if needed
6. Insurance Obligations: Handling of insurance policies and obligations post-termination
7. Dispute Resolution: Specific procedures for resolving any disputes that may arise from the release
1. Schedule A - Property Description: Detailed description of the leased premises being released
2. Schedule B - Outstanding Payments: Itemized list of any outstanding payments or credits
3. Schedule C - Condition Report: Detailed report on the condition of the premises at surrender
4. Schedule D - Release Calculation: Calculation of any final payments, including security deposit deductions
5. Appendix 1 - Original Lease: Copy of the original lease agreement and any amendments
6. Appendix 2 - Photographic Evidence: Photos documenting the condition of the premises at surrender
Authors
Relevant legal definitions
Clauses
Relevant Industries
Commercial Real Estate
Retail
Office Space
Industrial
Warehousing
Manufacturing
Healthcare
Hospitality
Professional Services
Technology
Financial Services
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Finance
Risk Management
Property Management
Asset Management
Compliance
Corporate Services
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Commercial Lease Administrator
Asset Manager
Operations Director
Real Estate Director
Business Owner
Chief Financial Officer
Commercial Property Agent
Lease Compliance Officer
Risk Manager
Corporate Real Estate Manager
Find the exact document you need
Mutual Release (Real Estate)
A Canadian law-governed agreement where parties mutually release each other from claims and obligations related to a real estate transaction or relationship.
find out more
Liability Waiver For Kayak Rental
A Canadian-compliant liability waiver for kayak rental operations, outlining risk assumption, safety requirements, and liability limitations.
find out more
Hold Harmless Agreement Vehicle Release
A Canadian legal document that releases one party from liability related to vehicle transfer or use, incorporating federal and provincial requirements for vehicle safety and liability protection.
find out more
General Release Of Claims Form
A Canadian legal document that enables one party to release any claims or rights they may have against another party, providing a comprehensive settlement mechanism under Canadian law.
find out more
Employee Waiver Of Liability
A Canadian employment waiver that outlines liability limitations between employer and employee while adhering to federal and provincial employment laws.
find out more
Release And Covenant Not To Sue Form
A Canadian legal document that combines a release of liability with a promise not to sue, commonly used for settling disputes and managing legal risks across various jurisdictions in Canada.
find out more
Release And Hold Harmless Agreement (Real Estate)
A Canadian legal document that releases parties from property-related liabilities and provides protection against future claims in real estate transactions.
find out more
Photography Copyright Transfer Agreement
A Canadian law-governed agreement transferring full copyright ownership of photographs from the creator to another party, including all associated rights and obligations.
find out more
Release Of Liability Employment Termination
A Canadian-compliant employment termination release agreement that formalizes employment separation terms and mutual releases of liability while ensuring adherence to federal and provincial employment standards.
find out more
Waiver Indemnification Agreement
A Canadian law-governed agreement combining waiver of rights and indemnification obligations to manage risk and liability between parties.
find out more
Hunting Lease Liability Waiver
A Canadian legal document combining hunting lease terms with liability protection for property owners granting hunting access rights.
find out more
Covenant Not To Sue Form
A Canadian legal agreement where one party formally commits not to pursue legal action against another party regarding specific claims or circumstances.
find out more
Unconditional Release From Listing Agreement
A Canadian legal document that unconditionally terminates a real estate listing agreement between property owners and brokerages, releasing all parties from their obligations.
find out more
Termination And Release Agreement (Real Estate)
A Canadian law-governed agreement that formally terminates an existing real estate contract and provides mutual releases between the parties involved.
find out more
Release Of Contract Form (Real Estate)
A Canadian legal document that terminates an existing real estate contract by mutual agreement, releasing all parties from their contractual obligations while ensuring compliance with provincial regulations.
find out more
Mutual Release Agreement Landlord Tenant
A Canadian legal document that enables landlords and tenants to mutually release each other from claims and liabilities related to their lease agreement.
find out more
Non Compete Release Form
A Canadian legal document that releases parties from existing non-compete obligations, ensuring compliance with federal and provincial regulations.
find out more
Model Release Agreement
A Canadian-compliant legal agreement authorizing the use of a model's images and likeness for specified purposes, subject to federal and provincial privacy and copyright laws.
find out more
Vehicle Damage Release Form
A Canadian legal document that settles vehicle damage claims and releases liability between parties, conforming to federal and provincial regulations.
find out more
Settlement And Release Letter
A Canadian legal document that outlines settlement terms and releases claims between parties, serving as a final resolution to a dispute.
find out more
Film Release Agreement
A Canadian legal agreement governing the distribution rights and terms for film release across various platforms, complying with federal and provincial entertainment laws.
find out more
Co Performer Release Agreement
A Canadian legal agreement establishing rights and responsibilities between multiple performers participating in the same performance or recording.
find out more
Commercial Lease Release Form
A Canadian legal document that formally terminates a commercial lease agreement and releases all parties from their ongoing obligations under provincial law.
find out more
Contractor Waiver Of Liability
A Canadian-compliant waiver of liability agreement for independent contractors, outlining terms for limiting liability claims while performing contracted services.
find out more
Press Release Agreement
A Canadian-law governed agreement establishing terms for press release preparation, approval, and distribution between a company and its PR service provider.
find out more
Video Release Agreement
A Canadian-compliant legal agreement obtaining consent for video recording and usage rights, addressing privacy and copyright requirements under Canadian law.
find out more
General Waiver Of Liability
A Canadian legal document where one party waives their right to sue another party for potential injuries, damages, or losses, subject to federal and provincial laws.
find out more
Waiver Of Claims Agreement
A Canadian legal document where one party voluntarily agrees to give up their right to pursue legal claims against another party, subject to federal and provincial requirements.
find out more
Waiver And Release Of Non Compete Obligations
A Canadian legal document that releases an individual from existing non-compete obligations while maintaining other relevant employment-related protections.
find out more
Simple Release Agreement
A Canadian law-compliant agreement where one party releases another from legal claims or liability for specific incidents or circumstances.
find out more
Release Of Security Agreement
A Canadian legal document that releases security interests in assets following loan repayment or obligation satisfaction, governed by provincial PPSA or Quebec Civil Code.
find out more
Release Of Claims Form Employment Termination
A Canadian legal document that formalizes employment termination and releases the employer from potential future claims while ensuring compliance with federal and provincial employment laws.
find out more
Release Of Claim And Subrogation Receipt
A Canadian legal document that combines a release of claims with the transfer of subrogation rights to an insurance company, governed by federal and provincial insurance laws.
find out more
Media Release Agreement
A Canadian-compliant agreement authorizing the use and distribution of media content, aligned with federal and provincial privacy and media laws.
find out more
Covenant Not To Sue Settlement Agreement
A Canadian legal agreement where parties settle disputes by agreeing not to pursue future legal action in exchange for specified consideration.
find out more
Unilateral Release Agreement
A Canadian-law governed agreement where one party releases another from specific claims or legal rights, providing a comprehensive discharge of liability.
find out more
Talent Release Agreement
A Canadian-law governed agreement authorizing the use of an individual's likeness, performance, or creative work, addressing federal and provincial requirements for rights transfer and privacy protection.
find out more
Release And Indemnification Form
A Canadian-law governed agreement that combines a release of claims with indemnification obligations, providing comprehensive protection against future legal claims and establishing clear indemnification responsibilities.
find out more
Release Of Guarantee Agreement
A Canadian legal document that formally releases a guarantor from their obligations under an existing guarantee, terminating their liability for the underlying debt or obligation.
find out more
Release Of Confidentiality Form
A Canadian legal document that releases parties from specific confidentiality obligations while ensuring compliance with federal and provincial privacy laws.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)