Lease Cancellation Template

[Melissa Sautter]

Hi BP community. I inherited a tenant and after a few months I have agreed to release them from their lease if they pay the following on a payment plan. They would need to complete payments by an agreed upon date The terms include:

• Paying off utilities bills that were outstanding
• Paying off rent through Feb 15 (this is when I have a new tenant coming in)
• Cleaning the unit so it is rent ready by the week before the new tenant arrives
• I want to include that all payments must be made by May 1 (the date we agreed to) or they will be responsible for rent for the full length of the lease agreement.
  

Questions for BP community. 

1. Do you know of any standard templates available for lease releases?
2. Is this something I can draft up or do I have to have a lawyer do this for me? Or should I draft it up and have a lawyer review it? I'd like to spend as little as possible on this but it would be good to have a future template available if necessary.
3. Is there anything I'm missing that I should be thinking about including? They are already moved out and I have a new tenant lined up.
   

Thanks for any help/advice on this!