Surrender of tenancy

Surrender of tenancy,

Definition of Surrender of tenancy:

  1. Abandonment of a leased property, or premature termination of a lease, unilaterally by a tenant or with the consent of the landlord. It is of two types: (1) express surrender occurs when the tenant signs a written surrender agreement, (2) implied surrender occurs when both tenant and landlord by their actions show that the lease has ended, such as when the tenant vacates the property and landlord reoccupies it.

Meaning of Surrender of tenancy & Surrender of tenancy Definition