The Roommate Release Form serves as a crucial legal instrument when one tenant needs to exit a shared rental agreement before the lease term ends. This document is particularly important in the United States where joint leases create shared liability among roommates. A properly executed Roommate Release Form protects all parties by formally documenting the departing tenant's release from future obligations, addressing security deposit arrangements, and ensuring remaining tenants' continued responsibility under the original lease. It helps prevent future disputes and provides clear documentation of the changed rental arrangement.
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1. Parties: Identification of all parties: landlord, remaining tenant(s), departing tenant
2. Background: Details of original lease agreement and circumstances of release
3. Definitions: Key terms used in the document including 'Departing Tenant', 'Remaining Tenant', 'Lease Agreement', and 'Release Date'
4. Release Terms: Specific conditions of the release and effective date
5. Remaining Obligations: Any continuing responsibilities of the departing tenant
6. Signatures: Execution block for all parties including landlord, departing tenant, and remaining tenants
1. Security Deposit Disposition: Terms for handling security deposit transfer or return between parties
2. Utility Transfer: Arrangements for transferring or closing utility accounts in departing tenant's name
3. Personal Property: Provisions for handling shared items or remaining property of departing tenant
1. Original Lease Agreement: Copy of the existing lease agreement being modified
2. Property Inspection Report: Documentation of property condition at time of release
3. Security Deposit Statement: Current status of security deposit and any deductions
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