Asked by Michelle Bradley on Jun 20, 2024
Verified
________ is a mutual agreement between a landlord and a tenant to end the lease early.
A) Surrender
B) Negotiated settlement
C) Forfeiture
D) An accord
E) Abandonment
Surrender
The act of voluntarily giving up a right, position, or property, often used in insurance and lease agreements.
End The Lease Early
The action of terminating a lease agreement prior to its originally scheduled expiration date through mutual agreement or specific legal means.
- Gain insight into scenarios permitting landlords and tenants to conclude lease agreements prematurely.
Verified Answer
TF
Tammy FournierJun 20, 2024
Final Answer :
A
Explanation :
Surrender is the correct term for a mutual agreement between a landlord and a tenant to end the lease early. This involves both parties agreeing to voluntarily terminate the lease before its scheduled expiration.
Learning Objectives
- Gain insight into scenarios permitting landlords and tenants to conclude lease agreements prematurely.