Early Termination
Ending a lease before the scheduled end date.
Definition
Early Termination is Ending a lease before the scheduled end date. Teams usually run into it when responsibility, signatures, or contract economics shift after the original lease has already been drafted.
What makes it useful is that if the wrong party is bound or a change is poorly documented, collections and enforcement get messy fast. Clean records here protect the file when there is a dispute about rent, liability, or permission.
Use cases
Use Early Termination to document who is liable and what terms changed after the original draft.
Review Early Termination when the team needs to confirm approvals and signatures before the file is treated as final.
Track Early Termination so operations can resolve disputes about rent, permission, or liability with a clean paper trail.