Release Of Rental Agreement Form for Australia

Release Of Rental Agreement Form Template for Australia

A formal legal document used in Australian jurisdictions to mutually terminate a rental agreement between a landlord and tenant before its scheduled end date or to formally document the end of a lease agreement. The document outlines the terms of release, including the handling of security deposits, final inspection requirements, and mutual discharge of future obligations. It ensures compliance with Australian state and territory residential tenancy laws while providing legal protection for all parties involved in the termination of the lease agreement.

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What is a Release Of Rental Agreement Form?

The Release Of Rental Agreement Form is a crucial legal document used across Australian jurisdictions when parties wish to formally terminate their rental agreement. It is commonly used when both landlord and tenant mutually agree to end the lease before its scheduled termination date, when a lease is naturally concluding, or when special circumstances require early termination. The document ensures compliance with state and territory residential tenancy laws while protecting the interests of all parties involved. It typically includes provisions for the return of security deposits, property condition requirements, outstanding payments, and mutual releases from future obligations. This form is essential for properly documenting the end of a tenancy relationship and preventing future disputes.

What sections should be included in a Release Of Rental Agreement Form?

1. Parties: Identifies and provides full legal names and contact details of all parties involved - the landlord/property manager and tenant(s)

2. Background: Provides context about the existing rental agreement, including property address, original lease date, and reason for release

3. Definitions: Defines key terms used throughout the document for clarity and legal certainty

4. Release Terms: Specifies the agreed-upon terms of the release, including the effective date of termination

5. Property Condition: States the requirements for the condition in which the property must be returned

6. Security Deposit: Details the agreement regarding the handling and return of the security deposit

7. Outstanding Obligations: Addresses any remaining rent, utilities, or other payments due

8. Mutual Release: States that both parties release each other from future claims related to the rental agreement

9. Governing Law: Specifies that the agreement is governed by Australian law and the relevant state/territory jurisdiction

10. Execution: Provides space for signatures, dates, and witness details if required

What sections are optional to include in a Release Of Rental Agreement Form?

1. Key Return: Include when there are specific arrangements for returning keys, access cards, or other property access devices

2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or security deposit return

3. Inspection Schedule: Include when specific arrangements for final inspection need to be documented

4. Early Termination Fee: Include when the release involves early termination and associated fees

5. Maintenance Issues: Include when there are ongoing maintenance issues that need to be addressed

6. Third Party Rights: Include when other parties (such as guarantors) need to be released from obligations

What schedules should be included in a Release Of Rental Agreement Form?

1. Schedule A - Property Inventory: Detailed list of property contents and their condition at the time of release

2. Schedule B - Outstanding Payments: Itemized list of any outstanding payments or adjustments to be made

3. Schedule C - Inspection Report: Final property inspection report documenting the condition of the property

4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

5. Appendix 2 - Photographic Evidence: Photos documenting the property's condition at the time of release

Authors

Alex Denne

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

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Release Agreement

Cost

Free to use
Relevant Industries

Real Estate

Property Management

Legal Services

Residential Housing

Commercial Property

Student Accommodation

Property Investment

Property Development

Relevant Teams

Legal

Property Management

Compliance

Operations

Leasing

Asset Management

Customer Service

Documentation

Risk Management

Housing Administration

Relevant Roles

Property Manager

Real Estate Agent

Leasing Coordinator

Legal Counsel

Tenancy Administrator

Compliance Officer

Housing Officer

Facility Manager

Asset Manager

Lease Administrator

Property Operations Manager

Residential Tenancy Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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