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Ending A Fixed Term Tenancy Agreement Early
"I need to draft an agreement for Ending A Fixed Term Tenancy Agreement Early by mutual consent, where both landlord and tenant have agreed to terminate the lease on March 1, 2025, with the security deposit being returned after final inspection."
1. Parties: Identification of the landlord and tenant(s), including full legal names and current addresses
2. Background: Brief summary of the existing tenancy agreement and the circumstances leading to early termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the tenancy will end and the process for surrendering the property
5. Financial Settlement: Details of any financial obligations, including rent up to termination date and handling of security deposit
6. Property Condition: Requirements for the condition in which the property must be returned
7. Keys and Access: Arrangements for returning keys and final property inspection
8. Mutual Release: Release of both parties from future obligations under the original lease
9. Governing Law: Specification that the agreement is governed by relevant state laws
10. Signatures: Execution clause and signature blocks for all parties
1. Forwarding Address: Section for tenant to provide forwarding address for security deposit return and future correspondence
2. Military Clause: Additional provisions if termination is due to military service under SCRA
3. Subletting/Assignment: Terms for finding a replacement tenant, if applicable
4. Early Termination Fee: Details of any agreed-upon early termination fee, if applicable
5. Utilities Transfer: Arrangements for transferring or terminating utility services
6. Outstanding Repairs: Documentation of any pending repairs or maintenance issues
7. Abandonment Clause: Provisions regarding abandoned property, if relevant
1. Schedule A - Property Inventory: Current inventory and condition report of the property
2. Schedule B - Payment Schedule: Breakdown of final payments, including rent, utilities, and any early termination fees
3. Schedule C - Move-out Inspection Checklist: Detailed checklist for final property inspection
4. Appendix 1 - Original Lease Agreement: Copy of the original fixed-term tenancy agreement being terminated
5. Appendix 2 - Photographic Evidence: Current dated photographs of the property condition
6. Appendix 3 - Correspondence Records: Copies of relevant correspondence regarding the early termination
Authors
Real Estate
Property Management
Residential Housing
Commercial Real Estate
Legal Services
Property Investment
Housing Associations
Student Housing
Corporate Housing
Military Housing
Legal
Real Estate Operations
Property Management
Tenant Relations
Compliance
Asset Management
Facilities Management
Contract Administration
Risk Management
Housing Administration
Property Manager
Real Estate Attorney
Leasing Agent
Housing Coordinator
Tenant Relations Manager
Legal Counsel
Real Estate Manager
Compliance Officer
Housing Administrator
Property Administrator
Facilities Manager
Asset Manager
Real Estate Operations Director
Tenant Experience Manager
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