CANCELLATION AGREEMENT
This Cancellation Agreement (referred to as the “Agreement”) is entered into this
______ day of __________ (referred to as the “Effective Date”) between Turo
Property Management Company (referred to as the “Company”) and XXX, LLC (referred to as the “management”). Together referred to as “parties.”
WHEREAS, the company and the management entered into an agreement dated
________ (referred to as the “contract”); and
WHEREAS, the Parties desire to terminate the Contract pursuant to the terms and
conditions set forth herein.
NOW, THEREFORE, in consideration of the undertakings of the Parties as outlined
in this Agreement, the receipt of which is hereby acknowledged and intending to be
legally bound, the Parties hereby agree as follows:
1. Termination of the Contract.
The Parties mutually agree that the Contract shall be terminated effective from
____________ (referred to as the "Termination Date").
The Contract shall have no further force or effect upon the Termination Date.
2. Consideration.
Each party acknowledges and agrees that it has already received all payments and
amounts
owed from the other Party under the Contract and that no additional consideration of
any kind is due from the other Party concerning the Contract.
3. Effect of Termination on Contract.
Except as expressly provided in this Agreement, the Parties acknowledge and agree
that any and all transactions completed by the Parties under the Contract prior to the
Termination Date shall remain in full force and effect and shall not be revoked or
adversely affected as a result of the termination of the Contract or this Agreement.
4. Fees and Expenses.
Each party hereto shall bear its fees and expenses (including attorneys’ fees)
incurred in connection with the Contract, this Agreement, and the consummation of
the transactions
contemplated hereby.
5. Representations.
Each Party hereby represents and warrants that it has not assigned or otherwise
conveyed or delegated, in whole or in part, any claim or right that it has or may have
under the Contract to any third party or person.
Each Party represents that the execution and delivery of this Agreement is duly
done.
6. Screening.
The parties herein agree that at the time of screening, the company will use
Transunion Smartmove to screen the tenants.
$150 application fee is charged and due at the time of screening.
7. Deposit.
The deposit of $500 is refundable and due at the time of moving in and will be
returned at the time of moving out.
IN WITNESS WHEREOF, the parties have signed this Agreement on the date
indicated hereinbelow.
Turo Property Management Company;
–
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
The Realest Realty Management,
LLC; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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