(1) The lessee of a lease may surrender all or part of the lease only if each of the following has given written agreement to the surrender—
(a) the mortgagee of a registered mortgage of the lease or of an interest under the lease;
(b) the holder of a sublease under the lease.
(2) The lessee must notify the holder of a registered interest under the lease of the lessee's intention to surrender the lease at least 28 days before the surrender takes effect.
(3) The surrender of a lease may be on the basis of the payment of an agreed consideration for the surrender.