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Termination Of Rental Lease Agreement
"I need a standard Termination of Rental Lease Agreement for a residential property in Auckland, with the termination date set for March 1, 2025, including basic provisions for property inspection and bond return."
1. Parties: Identification of the landlord/property manager and tenant(s), including full legal names and contact details
2. Background: Brief context about the existing lease agreement, including its start date and property address
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the lease will be terminated and keys must be returned
5. Property Vacation Requirements: Detailed requirements for vacating the property, including cleaning and repair obligations
6. Final Inspection: Terms regarding the final property inspection process and timing
7. Bond and Rent: Provisions for the return of bond and settlement of any outstanding rent
8. Utilities and Services: Requirements for disconnection or transfer of utilities and final payments
9. Keys and Access Devices: Requirements for returning all keys, access cards, and remote controls
10. Acknowledgment and Release: Mutual release of obligations under the original lease agreement
11. Governing Law: Confirmation that the agreement is governed by New Zealand law
12. Execution: Signing provisions and date of agreement
1. Early Termination Fee: Include when the termination occurs before the end of a fixed-term lease
2. Property Damage: Include when there are specific damages to be addressed beyond normal wear and tear
3. Forwarding Address: Include when requiring the tenant to provide a forwarding address for future correspondence
4. Outstanding Repairs: Include when there are specific repairs that need to be completed before termination
5. Storage of Abandoned Property: Include when addressing the handling of any property left behind by the tenant
6. Mediation Provisions: Include when parties agree to specific dispute resolution processes
7. Assignment of Rights: Include when there are multiple tenants and some are staying while others are leaving
1. Schedule 1 - Property Condition Report: Detailed checklist of the property's condition at the time of termination
2. Schedule 2 - Outstanding Payments Schedule: List of any outstanding payments including rent, utilities, or damages
3. Schedule 3 - Cleaning Requirements: Detailed checklist of required cleaning tasks
4. Appendix A - Photos: Photographic evidence of property condition at termination
5. Appendix B - Utility Readings: Final readings for electricity, gas, water, and other utilities
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Student Accommodation
Social Housing
Property Investment
Rental Services
Legal Services
Legal
Property Management
Residential Leasing
Operations
Compliance
Administration
Asset Management
Customer Service
Documentation
Risk Management
Property Manager
Real Estate Agent
Leasing Manager
Tenancy Coordinator
Legal Counsel
Housing Officer
Facilities Manager
Asset Manager
Rental Administrator
Compliance Officer
Property Management Director
Tenancy Advisor
Real Estate Operations Manager
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