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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."
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
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
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
Real Estate
Retail
Office Space
Industrial & Manufacturing
Hospitality
Healthcare
Professional Services
Banking & Financial Services
Technology
Education
Logistics & Warehousing
Food & Beverage
Legal
Real Estate
Facilities Management
Finance
Operations
Risk & Compliance
Property Management
Asset Management
Corporate Services
Administration
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
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