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End Of Rental Agreement

End Of Rental Agreement Template for Pakistan

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Key Requirements PROMPT example:

End Of Rental Agreement

"I need an End of Rental Agreement for a commercial warehouse in Lahore, Pakistan, where the tenant has requested early termination by March 15, 2025, and we need to include specific provisions for removing industrial equipment and restoring the property to its original condition."

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Document background
The End of Rental Agreement is a crucial document used in Pakistan when formally concluding a rental relationship between a landlord and tenant. It is essential for both residential and commercial properties, providing legal protection to all parties involved. This document becomes necessary when a lease is being terminated, whether at its natural end or through mutual agreement before the original end date. It must comply with Pakistani federal laws, including the Transfer of Property Act, 1882, and relevant provincial legislation such as the Punjab Rented Premises Act, 2009, or the Sindh Rental Ordinance, 2009, depending on the property's location. The agreement includes critical elements such as property handover terms, security deposit settlements, outstanding payment resolutions, and mutual releases from future obligations, while ensuring proper documentation for legal and tax purposes.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant with complete legal names and addresses

2. Background: Brief recital of the original lease agreement details and the mutual intention to terminate

3. Definitions: Definition of key terms used in the agreement including Property, Termination Date, Security Deposit, etc.

4. Termination Date: Specific date when the tenancy will end and the property will be vacated

5. Property Handover: Details of the inspection process and conditions for returning the property

6. Security Deposit Settlement: Terms for the return or deduction from security deposit

7. Outstanding Payments: Settlement of any pending rent, utility bills, or other charges

8. Mutual Release: Mutual release from future obligations under the original lease

9. Governing Law: Confirmation that the agreement is governed by Pakistani law

10. Signatures: Execution clause and space for signatures of all parties

Optional Sections

1. Repairs and Damages: Detailed section on repairs required or damages to be addressed, used when there are specific repair requirements or documented damages

2. Forwarding Address: Section for tenant's new address for future correspondence, used when ongoing communication may be needed

3. Dispute Resolution: Specific procedures for resolving any future disputes, used in high-value or complex rental situations

4. Witness Clause: Additional section for witness details and signatures, used when required by local law or for added security

5. Property Modifications: Details about handling any modifications made to the property, used when tenant has made authorized changes

6. Key Return: Specific provisions about returning all sets of keys and access devices, used for properties with multiple access points or security systems

Suggested Schedules

1. Schedule A - Property Inventory: Detailed list of fixtures, fittings, and items included in the original rental

2. Schedule B - Condition Report: Comprehensive report on the current condition of the property including photographs

3. Schedule C - Utility Readings: Final readings of all utility meters at the time of termination

4. Schedule D - Payment Settlement: Detailed breakdown of all financial settlements including security deposit deductions if any

5. Appendix 1 - Original Lease Reference: Copy or key details of the original lease agreement

6. Appendix 2 - Inspection Checklist: Checklist used during final property inspection

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

Real Estate Agent

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