12/11/2022
Surrendering the lease is where you clean out your premises and walk away from the lease completely. This means that you have discussed the situation with your landlord, and you have both agreed to cancel the lease contract. If your landlord agrees to do this, you must make sure that you both signed a deed of surrender that confirms what you have both agreed. If you do not organise this document, you could still be found to be in breach of contract. Furthermore, your landlord is not required to agree to your surrender. This means they can still enforce the obligations that were agreed upon when the lease was formed even after you walk away. As you can see, this option has some serious risk issues.