Surrender

The surrender of a lease by a tenant to its immediate landlord is a consensual arrangement between the landlord and the tenant. It results in the vesting of the tenant’s estate in the landlord and the extinguishment of the term of the lease. Surrender is the acquisition by the landlord of the inferior leasehold estate. It is to be distinguished from the merger which occurs where the tenant acquires the freehold estate from its landlord.

For further information see, Practice note, Surrenders of lease.