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Early Termination Of Commercial Lease Agreement Template for Switzerland

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Key Requirements PROMPT example:

Early Termination Of Commercial Lease Agreement

"I need an Early Termination of Commercial Lease Agreement for my retail space in Geneva, with a mutual termination date of March 1, 2025, including provisions for a replacement tenant who will take over the remaining lease period."

Document background
The Early Termination Of Commercial Lease Agreement is a crucial document used when parties wish to formally end their commercial lease arrangement before the originally agreed expiration date. This document is specifically tailored to comply with Swiss legal requirements, including the provisions of the Swiss Code of Obligations and relevant cantonal regulations. It becomes necessary when either the landlord and tenant mutually agree to terminate early, or when specific circumstances permit unilateral termination under Swiss law. The agreement comprehensively addresses key aspects such as final settlement of accounts, premises handover requirements, security deposit return, and mutual releases, while ensuring all necessary legal protections are in place for both parties. It's particularly important in commercial real estate transactions in Switzerland, where formal documentation of such arrangements is crucial for legal certainty and future reference.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and registration details if companies

2. Background: Brief description of the existing lease agreement, its key terms, and the circumstances leading to early termination

3. Definitions: Definitions of key terms used throughout the agreement, including reference to the original lease agreement

4. Termination Date: Specific date when the lease will terminate and premises must be vacated

5. Mutual Agreement to Terminate: Express statement of both parties' agreement to terminate the lease early

6. Handover Requirements: Specific conditions for returning the premises, including cleaning, repairs, and removal of tenant installations

7. Settlement of Accounts: Details of final rent payment, service charges, and utilities up to termination date

8. Security Deposit: Arrangements for the return of the security deposit, including timing and any deductions

9. Release and Waiver: Mutual release from future obligations under the original lease, subject to specified exceptions

10. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for any disputes

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Termination Fee: Include when there is a penalty or fee for early termination

2. Replacement Tenant: Include when the current tenant is proposing a replacement tenant

3. Outstanding Repairs: Include when specific repairs or restoration work needs to be completed before handover

4. Surviving Obligations: Include when certain obligations from the original lease should survive termination

5. Handover Schedule: Include when a phased or complex handover process is required

6. Dispute Resolution: Include when specific dispute resolution procedures are agreed upon

7. Insurance Requirements: Include when specific insurance must be maintained post-termination

8. Confidentiality: Include when parties wish to keep the termination terms confidential

Suggested Schedules

1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

2. Schedule 2 - Premises Condition Report: Current condition report with photographs and noted damages or wear

3. Schedule 3 - Settlement Calculation: Detailed calculation of final payments, including rent, utilities, and other charges

4. Schedule 4 - Handover Checklist: Detailed list of items to be checked during the final inspection

5. Schedule 5 - Inventory List: List of fixtures and fittings to be removed or left in place

6. Appendix A - Keys and Access Devices: List of all keys, access cards, and other access devices to be returned

7. Appendix B - Utility Accounts: List of utility accounts to be transferred or terminated

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

Retail

Office Space

Industrial & Manufacturing

Hospitality

Healthcare

Professional Services

Banking & Financial Services

Technology

Education

Logistics & Warehousing

Food & Beverage

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Risk & Compliance

Property Management

Asset Management

Corporate Services

Administration

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Commercial Director

Chief Financial Officer

Operations Manager

Asset Manager

Lease Administrator

Risk Manager

Company Secretary

Business Development Manager

Store Manager

Regional Manager

Property Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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