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1. Parties: Identifies all parties involved: the departing roommate, remaining roommates, and the landlord/property manager
2. Background: States the existing lease agreement details, current living arrangement, and reason for the release
3. Definitions: Defines key terms used in the document such as 'Release Date', 'Security Deposit', 'Original Lease', etc.
4. Release Terms: Specifies the exact terms of the release, including the effective date and conditions for release
5. Financial Settlement: Details the handling of security deposits, prepaid rent, utilities, and any other financial obligations
6. Remaining Tenants' Obligations: Confirms that remaining roommates will assume full responsibility for the lease obligations
7. Landlord's Consent: Documents the landlord's agreement to the release and any conditions they impose
8. Return of Keys and Property: Specifies the process and timeline for returning keys and removing personal property
9. Release of Liability: Mutual release of future claims and obligations between all parties
10. Governing Law: Specifies that the agreement is governed by the laws of the relevant Canadian province
11. Execution: Signature blocks for all parties and date of signing
1. Forwarding Address: Section for recording the departing roommate's new address, used when required by provincial law for security deposit return
2. Maintenance Obligations: Details any outstanding maintenance or repair obligations, used when there are specific issues to be resolved
3. Sublease Provisions: Required when the departing roommate is being replaced by a new tenant through sublease
4. Utilities Transfer: Used when accounts need to be transferred or names removed from utility accounts
5. Photography/Documentation: Section regarding documentation of property condition, used when there are concerns about damage claims
6. Confidentiality: Added when parties wish to keep the terms of the release private
1. Schedule A - Original Lease Agreement: Copy of the original lease agreement referenced in the release
2. Schedule B - Property Inspection Report: Documentation of the condition of the property and any damage assessment
3. Schedule C - Financial Settlement Statement: Detailed breakdown of all financial settlements, including security deposit allocation
4. Schedule D - Utility Accounts List: List of all utility accounts and their status/transfer arrangements
Original Lease
Premises
Property
Release Date
Effective Date
Security Deposit
Departing Roommate
Remaining Roommates
Landlord
Common Areas
Rent
Proportionate Share
Outstanding Obligations
Utility Charges
Personal Property
Move-out Date
Settlement Amount
Forwarding Address
Release
Shared Facilities
Joint and Several Liability
Term
Notice Period
Financial Settlement
Security Deposit
Property Condition
Keys and Access
Utilities and Services
Personal Property Removal
Future Liability
Mutual Release
Remaining Tenants' Obligations
Landlord's Consent
Governing Law
Severability
Entire Agreement
Amendment
Notice
Assignment
Indemnification
Survival
Confidentiality
Dispute Resolution
Execution
Representation and Warranties
Real Estate
Property Management
Residential Leasing
Student Housing
Residential Property
Legal Services
Housing Administration
Legal Operations
Property Management
Leasing Administration
Tenant Relations
Compliance
Housing Administration
Document Processing
Residential Services
Property Manager
Leasing Agent
Residential Property Administrator
Tenant Relations Coordinator
Legal Compliance Officer
Housing Coordinator
Real Estate Manager
Student Housing Administrator
Lease Administrator
Residential Services Manager
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