Lease Settlement Request Letter

I. Lease Settlement Request Letter

[TODAY'S DATE]
[LANDLORD'S NAME]
[LANDLORD'S ADDRESS]
[CITY, STATE, ZIP CODE]
Dear [LANDLORD'S NAME],

II. Subject

Subject: Request for Lease Settlement - [LEASE ADDRESS/UNIT]

III. Introduction

I am writing to you as the current tenant of the aforementioned property, leased under the agreement dated [LEASE START DATE]. Given my circumstances and in light of recent discussions, I would like to propose a settlement regarding the lease terms that could benefit both parties.

IV. Proposal Details

Reason for Settlement Request:

Due to [REASON FOR SETTLEMENT e.g., financial hardship, relocation, etc.], I find myself unable to continue fulfilling the lease terms as originally agreed.
Proposed Settlement Terms:
Early Termination: I propose an early termination of the lease effective [PROPOSED TERMINATION DATE], with a settlement fee of [SETTLEMENT AMOUNT] in lieu of the standard termination penalties outlined in our lease agreement.
Payment Plan: Should an upfront payment be challenging, I am open to discussing a payment plan that suits both of our financial situations.
Property Condition: I assure you that the property will be returned in excellent condition, adhering to the standards set forth in the lease agreement.

V. Benefits of Proposed Settlement

Financial Assurance: The proposed settlement amount provides immediate financial assurance and covers potential rental income loss.
Reduced Hassles: This agreement would prevent potential legal costs and vacancy periods that might arise from lease enforcement under current terms.

VI. Conclusion and Call to Action

I believe this proposal presents a fair and reasonable solution under the circumstances. I am hopeful for a positive response and am open to discussing any modifications you may deem necessary. Please feel free to contact me at [YOUR PHONE NUMBER] or [YOUR EMAIL] to discuss this matter further or to set up a meeting.

VII. Closing

Thank you for considering this proposal. I look forward to your prompt response.

[LANDLORD'S NAME]

[DATE]

[YOUR NAME]

[DATE]