A Lease Buyout Agreement is utilized when both landlord and tenant wish to terminate an existing lease before its scheduled end date. This document, governed by English and Welsh law, outlines the terms for early termination, including any compensation payable, the timing of the surrender, and the mutual release of future obligations. It's particularly relevant in situations where market conditions have changed, either party's circumstances have shifted, or there's mutual benefit in ending the lease early. The agreement must comply with the Law of Property Act 1925, the Landlord and Tenant Act 1954, and other relevant property legislation.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of all parties to the agreement including landlord, tenant and any guarantors
2. Background: Context of the existing lease and circumstances leading to the buyout agreement
3. Definitions: Key terms used throughout the agreement including Property, Lease, Completion Date, and Buyout Sum
4. Buyout Terms: Specific terms of the buyout including payment amount, timing, and method of payment
5. Release Provisions: Terms releasing parties from their respective lease obligations and mutual releases
6. Completion Requirements: Steps required to complete the buyout including documentation, timing, and conditions precedent
7. Governing Law: Specification that the agreement is governed by the laws of England and Wales
1. Property Return Conditions: Specific requirements for property condition upon surrender, including repairs and reinstatement obligations
2. Tax Provisions: Specific provisions regarding VAT, Stamp Duty Land Tax, and other tax implications of the buyout
3. Confidentiality: Terms regarding confidentiality of the agreement and its terms, including any permitted disclosures
4. Broker Provisions: Terms regarding any broker involvement, including fees and indemnities
1. Schedule 1 - Original Lease: Copy of the original lease being bought out including any variations or supplemental deeds
2. Schedule 2 - Property Details: Detailed description of the leased property including any plan or registered title information
3. Schedule 3 - Payment Schedule: Detailed schedule of buyout payments if to be made in installments
4. Schedule 4 - Condition Report: Current condition report of the property if relevant to the surrender terms
Find the exact document you need
Weekly Rental Agreement
An England & Wales legal document outlining weekly rental terms and tenant-landlord obligations for short-term accommodations.
Download
Vacation Rental Contract
An England & Wales legal document outlining terms for short-term vacation property rentals and related obligations.
Download
Trailer Lease Agreement
An England & Wales agreement documenting temporary trailer usage rights and obligations for commercial purposes.
Download
Tenant At Will Lease
An England & Wales agreement allowing flexible property occupation without creating an estate or security of tenure.
Download
Standard Industrial Lease Agreement
An England & Wales legal document outlining terms for leasing industrial space, detailing rights and obligations.
Download
Standard Auto Lease Agreement
An England & Wales legal document outlining terms for vehicle leasing, ensuring compliance and protection for both parties.
Download
Space Rental Agreement
An England & Wales legal document outlining terms for renting commercial property, ensuring compliance and protecting parties' interests.
Download
Simple Tenant At Will Agreement
An England & Wales agreement allowing temporary property occupation without formal lease commitments.
Download
Short Term Equipment Rental Agreement
An England & Wales legal document outlining terms for short-term equipment rental transactions.
Download
Simple Rental Contract
An England & Wales legal document outlining terms for a straightforward residential tenancy agreement.
Download
Pre Lease Agreement
An England & Wales legal document outlining conditions before executing a formal commercial property lease.
Download
Pet Addendum To Rental Agreement
An England & Wales legal document outlining terms for pet ownership in rental properties.
Download
Owner Operator Contract Agreement
An England & Wales contract outlining terms for independent operators using their own equipment for specialized services.
Download
Office Rental Agreement
An England & Wales legal document outlining terms for renting office space, including rent and maintenance obligations.
Download
Mobile Home Lot Rental Agreement
An England & Wales agreement outlining terms for renting land for mobile home placement under the Mobile Homes Act 1983.
Download
Lifetime Lease Agreement
An England & Wales property agreement granting long-term occupancy rights without full ownership transfer.
Download
Lease Buyout Agreement
An England & Wales legal document detailing early lease termination terms and mutual release of obligations.
Download
Landlord And Tenant Agreement Form
An England & Wales legal document establishing residential tenancy terms between landlords and tenants.
Download
House Rent Contract Form
A legal document in England & Wales outlining terms and protections for residential property rentals.
Download
Grazing Lease Agreement
An England & Wales legal document authorizing a representative to collect a visa on the applicant's behalf.
Download
Fixed Term Lease Agreement
An England & Wales legal document authorizing a representative to collect specified documents on behalf of another.
Download
Employee Leasing Contract
An England & Wales document authorizing credit checks for financial assessments and compliance with data protection laws.
Download
Commercial Lease Agreement Form
An England & Wales legal document authorizing credit card collection on behalf of the cardholder.
Download
Boarder Rental Agreement
An England & Wales legal document authorizing a representative to collect a certificate on behalf of the holder.
Download
Apartment Sublease Agreement
An England & Wales document delegating signing authority within organizations for official and financial purposes.
Download
5 Year Commercial Lease Agreement
An England & Wales legal document delegating authority to act on behalf of an individual or organization.
Download
12 Month Lease Apartment
An England & Wales document granting temporary signing authority for specific transactions during absences or illness.
Download
1 Year Lease Apartment
An England & Wales legal document delegating authority for business or personal matters on behalf of another party.
Download
Family Member Lease Agreement
A legally binding residential lease agreement between family members, governed by English and Welsh law.
Download
Lease With Option To Purchase
An English and Welsh law agreement combining a property lease with a future purchase option for the tenant.
Download
Mobile Home Lease Agreement
A legal agreement under English and Welsh law governing the lease of a pitch for a mobile home, establishing rights and obligations between site owner and resident.
Download
Year Lease Agreement
A fixed-term residential tenancy agreement for one year under English and Welsh law, setting out rights and obligations between landlord and tenant.
Download
Room Rental Agreement Shared Housing
A legal agreement under English and Welsh law for renting a room in shared accommodation, setting out rights and obligations of landlord and tenant.
Download
Tenancy Agreement For A Room In A Shared House
An English law agreement setting out terms for renting a room in a shared house, including rights and obligations of landlord and tenant.
Download
Commercial Land Lease Agreement
A legally binding agreement under English and Welsh law establishing terms for leasing commercial land between landlord and tenant.
Download
Simple Shop Rental Agreement
An English law agreement setting out terms for commercial shop rental between landlord and tenant.
Download
Month To Month Tenancy Agreement
A flexible residential tenancy agreement under English and Welsh law that runs on a monthly rolling basis.
Download
Short Form Lease Agreement
A simplified lease agreement for straightforward commercial property letting under English and Welsh law.
Download
Month To Month Apartment Lease
A rolling monthly residential tenancy agreement under English and Welsh law, establishing terms for property rental with monthly renewal options.
Download
Simple Space Rental Agreement
A straightforward rental agreement for temporary space use, governed by English and Welsh law, defining key terms between landlord and tenant.
Download
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)