Document background
The End of Lease Contract is a crucial document used in Pakistan when formally concluding a lease agreement between parties. It becomes necessary when either the natural term of a lease expires or parties mutually agree to terminate their lease arrangement early. The document ensures compliance with Pakistani property law, including the Transfer of Property Act 1882 and relevant provincial rent control regulations. It covers essential elements such as final settlement terms, property condition requirements, utility payments, security deposit handling, and mutual releases. This contract type is particularly important as it provides legal protection for both parties and creates a clear record of the lease termination, helping prevent future disputes. It should be customized based on whether the property is commercial or residential, as different regulations may apply under Pakistani law.
