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Lease Cancellation Form

Lease Cancellation Form Template for New Zealand

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Key Requirements PROMPT example:

Lease Cancellation Form

"I need a Lease Cancellation Form for a residential property in Auckland, with a mutual agreement to end the tenancy on March 15, 2025, including provisions for bond refund and final utility payments."

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Document background
The Lease Cancellation Form is an essential legal document used in New Zealand for the formal termination of lease agreements. It is designed to comply with the requirements of the Residential Tenancies Act 1986, Property Law Act 2007, and other relevant New Zealand legislation. This document is utilized when both parties mutually agree to end a lease agreement, or when termination is required under specific circumstances provided by law. The form includes crucial details such as party identification, termination date, final payment arrangements, property handover requirements, and bond refund terms. It serves as a legal record of the lease termination and helps prevent future disputes by clearly documenting the agreed terms of the cancellation.
Suggested Sections

1. Parties: Identification of the landlord/lessor and tenant/lessee, including full legal names and contact details

2. Background: Reference to the original lease agreement, including date of commencement, property address, and current term

3. Definitions: Key terms used in the cancellation form, ensuring clarity and legal certainty

4. Cancellation Details: Specific date of lease termination and confirmation of mutual agreement to cancel

5. Final Payments: Details of any outstanding rent, utilities, or other charges up to the termination date

6. Bond Resolution: Agreement on the return of bond/security deposit and timeline for refund

7. Property Handover: Requirements for vacating the property, including cleaning standards and key return

8. Execution: Signature blocks for all parties and date of signing

Optional Sections

1. Early Termination Fees: Include when the cancellation occurs before the end of a fixed term, detailing any break lease fees

2. Damage Resolution: Include when there are existing property damage issues that need to be addressed

3. Maintenance Resolution: Include when there are outstanding maintenance issues that need to be resolved

4. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence

5. Utilities Transfer: Include when specific arrangements are needed for disconnection or transfer of utilities

Suggested Schedules

1. Schedule 1: Property Inspection Report: Final property condition report documenting the state of the property at termination

2. Schedule 2: Payment Calculations: Detailed breakdown of final payments, including rent, utilities, and any adjustments

3. Schedule 3: Photographic Evidence: Photos documenting the property condition at termination (if required)

4. Appendix A: Cleaning Checklist: Detailed checklist of required cleaning tasks for property handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Real Estate

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Property Manager

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Lease Administrator

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