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Description
What is a Deed of Surrender?
A Deed of Surrender is a document used to formally end a tenancy agreement in the UK. It is a binding document that legally terminates the tenancy and sets out the rights and responsibilities of both the landlord and tenant. This document is often used when the tenant is leaving the property earlier than the end of the tenancy agreement, and both parties agree to terminate the tenancy.
Under UK law, a deed of surrender must be signed by both parties in order to be legally binding. A deed of surrender must be in writing and signed by both the landlord and the tenant. It should also be witnessed by an independent third party.
When should a Deed of Surrender be used?
A Deed of Surrender should be used when a tenant wishes to end a tenancy agreement before the end of the fixed term. It is important to note that, under UK law, the tenant is still liable for the rent until the end of the tenancy agreement, even if they have vacated the property.
A deed of surrender can be used to legally terminate the tenancy agreement, releasing the tenant from their obligation to pay rent. It is also important to note that a deed of surrender does not absolve the tenant of any other obligations outlined in the tenancy agreement. Any damages caused by the tenant, or any other breach of the tenancy agreement, must still be settled before the tenancy can be terminated.
When should a Deed of Surrender not be used?
A deed of surrender can only be used if both parties agree to the termination and if all necessary obligations outlined in the tenancy agreement have been fulfilled.
How to fill in a Deed of Surrender
A deed of surrender should include the following key clauses:
• The date of the agreement;
• The address of the property;
• The names of the landlord and tenant;
• A clause stating that the tenant is surrendering the tenancy;
• A clause stating that the landlord is accepting the surrender of the tenancy;
• A clause stating that the tenancy is terminated on a certain date;
• A clause stating that any outstanding rent must be paid up until the date of termination;
• A clause stating that any other obligations outlined in the tenancy agreement must be fulfilled;
• A clause stating that all keys to the property must be returned;
• The signatures of both the landlord and tenant, as well as a witness; and
• The date of signature.
Conclusion A Deed of Surrender is a document used to legally terminate a tenancy agreement in the UK. It should be used if both parties agree to the termination and if all necessary obligations outlined in the tenancy agreement have been fulfilled.