Lease Termination Agreement between South Royal Oaks Partners, LLC and Franklin Synergy Bank for 231 South Royal Oaks

Contract Categories: Business Operations › Termination Agreements
Summary

South Royal Oaks Partners, LLC (the landlord) and Franklin Synergy Bank (the tenant) have agreed to end their lease for the property at 231 South Royal Oaks in Franklin, Tennessee. The lease, originally dated August 28, 2018, will terminate on May 5, 2020. Upon signing this agreement, the landlord confirms the return of the tenant's security deposit of $22,641. Both parties have signed to acknowledge the termination and the return of the deposit.

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EX-10.3 4 fsb-06302020ex103.htm EX-10.3 Document

Exhibit 10.3


Cancellation of Lease at 231 South Royal Oaks

Upon signing below, both Landlord and Tenant agree to terminate the lease at 231 South Royal Oaks in Franklin, Tennessee, dated August 28th, 2018, by and between South Royal Oaks Partners, LLC, a Tennessee limited liability company, (“Landlord”), and Franklin Synergy Bank, a Tennessee banking corporation (“Tenant”).
The termination date shall be May 5, 2020, and upon signing, Tenant acknowledges that Landlord returned the security deposit in the amount of twenty-two thousand six hundred forty-one dollars and no cents ($22,641) to the Tenant.

LANDLORD:
SOUTH ROYAL OAKS PARTNERS, LLC

By: /s/ Jason E. Herrington
Title: VP________________


TENANT:
FRANKLIN SYNERGY BANK

By: /s/ J. Myers Jones, III
Title: CEO_____________