SMH Commercial Real Estate

                  A Commercial Brokerage Practice Since 1992

Surrender

Surrender is a contractual act which occurs only through consent of both parties.  Surrender differs from "abandonment", as applied to leased premises, inasmuch as the latter is simply an act on the part to the lessee alone; but to effect a surrender, a mutual agreement between Lessor and Lessee terminating a lease must be clearly established.

 

 


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