If you default, you will have to surrender cash value to satisfy the loan.

At some point they will surrender, because I won't.

Eleven days later and Russia has invaded Ukraine, asking them to lay down arms and surrender.

@Amy T.Not clear to me if they have returned keys & surrendered the property back or not.

I just closed on my first LH condo, and while reviewing the lease it seem to be very clear about stating that on November 29, 2049 I will surrender my condo to the leaseholder.

When I saw this 3rd notice I thought it’s a Court notice to surrender to direct mail!!!

I surrender.

Her concern that this could cause people to surrender their pets is an issue that should have been thought of before they bought them. 

A signed surrender of possession from the owner, or a lease signed with you by the owner, also qualify as "lawful possession."

Default.If default shall at any time be made by Tenant in the payment of rent when due to Landlord as herein provided, and if said default shall continue for fifteen (15) days after written notice thereof shall have been given to Tenant by Landlord, or if default shall be made in any of the other covenants or conditions to be kept, observed and performed by Tenant, and such default shall continue for thirty (30) days after notice thereof in writing to Tenant by Landlord without correction thereof then having been commenced and thereafter diligently prosecuted, Landlord may declare the term of this Lease ended and terminated by giving Tenant written notice of such intention, and if possession of the Leased Premises is not surrendered, Landlord may reenter said premises.