A lease buyout template is a ready to use draft which can be used as a lease buyout document which is helpful to save time as well as money. Such templates help organisations who need many such documents like car companies etc. Any such template proves to be useful for those individuals or parties who wish to avoid using legal help and are themselves not sure of the format or the content to be used in a lease buyout template. These types of templates can be easily customised as per the user’s needs and lease buyout specifications and details. Thus the importance of the templates increases and the usage is quite wide. Given below is a sample of such a lease buyout template.
“You can Download the Free Lease Buyout Template form, customize it according to your needs and Print. Lease Buyout Template is either in MS Word, Excel or in PDF.”
Sample Lease buyout template
Lease buyout template
Download Lease buyout template
This lease buyout document is made effective on _______ [mention the effective date of lease buyout in dd/mm/yy format]
This lease buyout document has been made between the parties with the following details:
Name of the LESSOR:
______________ [mention here the name of the lessor]
Address of the LESSOR
______________ [mention here the address of the lessor]
Contact number of the LESSOR
______________ [mention here the contact number of the lessor]
AND
Name of the LESSEE:
______________ [mention here the name of the lessee]
Address of the LESSEE:
______________ [mention here the address of the lessee]
Contact number of the LESSEE
____________ [mention here the contact number of the lessee]
Address of the apartment:
_____________ [mention the address of the apartment under lease]
The above LESSEE hereby having leased the apartment with the above address requests LESSOR to allow LESSEE to buyout the current lease for the above referenced address.
This request is made due to the fact that LESSEE wishes to vacate the apartment before expiration of their current lease document.
The LESSEE agrees that the buyout fee is equal to _______ their monthly stated rent which is $_______ [give amount].
Signatures of both the parties are done as follows:
_____________ [signature of the lessee]
_____________ [signature of the lessor]
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