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A surrender in commercial property is the agreement to end a lease before its term ends, with the tenant giving up the tenanting rights and the landlord accepting vacatur. A solicitor drafts or reviews the deed of surrender, negotiates terms on issues such as dilapidations, arrears, and any premium, and coordinates with the landlord’s solicitor. They also verify title and leasehold interests, advise on steps to re-let, and ensure stamping and registration formalities are completed.
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