Surrender Tag Archive

What is surrender?

In real estate, surrender refers to the termination of a lease agreement, in the form of a Deed of Surrender.
A Deed of Surrender can be used to terminate a lease on a property (the tenant surrenders the space) and/or to relieve tenants of their lease obligations (the landlord surrenders claims). Much like a leasing contract, the deed of surrender outlines each party’s rights and duties (or lack of) towards the other party.
For example, the deed of surrender can state the condition in which the tenant is expected to leave the property, states if a tenant has fulfilled any and all financial obligations, confirms if the landlord has returned the tenant’s deposit, etc.

This document is signed by both parties, as well as a witness (for example, a notary public)

You might also be interested in:

How do real estate agents make money?
How do you become a REALTOR®?
How do you calculate a cap rate?

Search other terms

A
B
C
D

E
F
G
H

I
J
K
L

M
N
O
P

Q
R
S
T

U
V
W
X

Y
Z

Popular terms

Amortization

Equity

Notary Public

Progression/Regression

Acquisition

Annuity

Asset

Fiduciary

Inflation

Contingency

Escrow

Power of attorney

Real Estate Agent

Eminent Domain

Liability

Statute of Limitations

Valid

Variance

Contiguous

Deficit

Written by

10 Profitable Tips for Negotiating an Office Lease

Commercial Real Estate News, Leasing, Office, Resources| Views: 21

Commercial office leases aren’t set in stone. Yet it’s surprising how many business tenants accept a lease the landlord gives them as-is. In fact, many people don’t even...

Read More