For what it's worth, two excerpts from my lease:BY SIGNING THIS RENTAL AGREEMENT YOU AGREE THAT UPON SURRENDER OR ABANDONMENT, WE SHALL NOT BE LIABLE OR RESPONSIBLE FOR THE STORAGE OR DISPOSITION OF YOUR PERSONAL PROPERTY. 6.

As other posters wrote, there is such a thing as a voluntary surrender and repossession which does not require court in most states, and if the operator knows what they are doing 90+% will be voluntary.

Or does he surrender that because of the early termination?

At less fees and better breakeven/surrender value than Whole Life would force me to.2) Premium riders waived for disability. 

After finally surrendering to the city's opinion and not fighting the courts something great happened.

You're surrendering power to an agency that asks you to jump and your answer is how high.

In case anybody argues with you, the statute is Section 40-10-74, which says: "Any purchaser of lands at a tax sale other than the state or anyone claiming under him shall be entitled to possession of said lands immediately upon receipt of certificate of sale from the tax collector; and, if possession is not surrendered within six months after demand therefor is made by said purchaser or his assignee, the said purchaser or his assignee may maintain an action in ejectment or a statutory real action in the nature of ejectment, or other proper remedy for the recovery of the possession of the lands purchased at such sales and shall be entitled to hold the possession thereof on recovery,"You cannot just throw people out on the street.  

You are surrendering not only control of your money, but also any directional control of the investment as well… like the ability to exit the investment when you want to.  

Subject to the requirements of the Bankruptcy Code, in the event the Tenant is adjudicated as bankrupt, (or makes an assignment for the benefit of creditors), this Lease, at the option of the Landlord, shall terminate upon 30 days written notice and the Dwelling Unit shall be surrendered to the Landlord, who reserves the right to repossess the Dwelling Unit subject to the applicable provisions of law.Should I follow the steps on the contract?

Instead, it usually requires voluntary surrender by the owner, or a successful ejectment lawsuit suit.