Also known as a surrender and acceptance agreement or a lease termination agreement. Tenant agrees to vacate and surrender the premises according to the requirements of the lease. … Landlord agrees to accept the premises from the tenant and terminate the lease before the stated expiration date.

What is a surrender document?

A deed of surrender is a legal document that transfers property ownership for a given time period provided certain conditions are met. A deed of surrender lets one party, such as a renter, relinquish his or her claims on a particular piece of property to a landlord or other party that holds the underlying title.

What is a surrender legal term?

In common law, surrender is the term describing a situation where a tenant gives up possession of property held under a tenancy as a result of which the tenancy ends. … Surrender implies a mutual agreement, whereas eviction implies the absence of a mutual agreement.