We can see these dollar signs in your eyes like twinkling stars. But like all good things, rental agreements have to end, and if that`s the case, you`ll want a record of the communication. Separations can sometimes get furious, and every state and province has laws that specifically state how many notices landlords must give to tenants. Send non-extracted notifications and other takedown notifications by registered letter and keep copies to set up a paper track. If one of the parties – tenant or lessor – does not sign the new moving contract and the case is brought before the courts, the judgment is based on the initial lease. If the tenant and landlord accept an extract and sign a new contract for it, the new contract terminates the original lease. Ultimately, both parties will benefit from the new regime. Some places, like Oakland and San Francisco, have specific guidelines on how to establish a voluntary withdrawal agreement, so do more research on the process in your area. This mutual termination of the rental agreement is used if both parties agree to exempt each other from the rental agreement before the effective end date. Managing rental property can be challenging, especially if you want a tenant to have to move out before their lease ends. A written voluntary extract agreement is proof that there is a new contract. In some states, the Voluntary Withdrawal Agreement can be agreed, exchanged and signed online by both parties. The main difference is that, in a voluntary extract agreement, all parties agree and sign new terms of the lease.