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1. Parties: Identification of the lessor/property owner and lessee/operator, including full legal names, registration details, and addresses
2. Background: Reference to the original lease agreement, its date, and brief description of the circumstances leading to termination
3. Definitions: Key terms used in the agreement, including 'Premises', 'Termination Date', 'Original Lease', etc.
4. Termination: Formal agreement to terminate the lease, specifying the effective termination date
5. Handover of Premises: Requirements and process for returning the premises, including condition requirements and inspection procedures
6. Settlement of Accounts: Financial settlement terms, including rent, utilities, service charges up to termination date
7. Security Deposit: Terms for the return of the security deposit, including deductions if applicable
8. Mutual Release: Release of parties from future obligations under the original lease, subject to specified exceptions
9. Surviving Obligations: Obligations that continue after termination, such as confidentiality or indemnities
10. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
1. Property Improvements: Addressing handling of tenant improvements or modifications, used when significant alterations were made to the premises
2. Outstanding Disputes: Resolution of any existing disputes, included when there are unresolved issues between parties
3. Third Party Rights: Addressing sublease or assignment situations, included when third parties have rights under the original lease
4. Insurance Claims: Handling of ongoing or potential insurance claims, included when there are outstanding insurance matters
5. Employee Matters: Addressing any employment-related issues, included when the operation involves transfer of employees
6. Intellectual Property: Handling of business names, signage, and local goodwill, included when the operation involved branded elements
7. Non-Competition: Post-termination competition restrictions, included when agreed between parties
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and equipment being returned with the premises
2. Schedule 2 - Condition Report: Detailed description of the property condition at termination, including photographs
3. Schedule 3 - Financial Statement: Statement of all outstanding amounts, including rent, utilities, and other charges
4. Schedule 4 - Handover Checklist: List of items to be completed before and during premises handover
5. Schedule 5 - Utility Accounts: List of utility accounts and status of transfer/termination
6. Appendix A - Original Lease: Copy of the original lease agreement and any amendments
7. Appendix B - Termination Notices: Copies of any formal termination notices exchanged between parties
Original Lease
Premises
Property
Lessor
Lessee
Operator
Termination Date
Effective Date
Handover Date
Security Deposit
Outstanding Amounts
Operating Equipment
Fixed Fixtures
Removable Fixtures
Inventory
Utility Accounts
Service Contracts
Business Day
Permitted Use
Operating Licenses
Handover Protocol
Condition Report
Final Settlement
Release Date
Surviving Obligations
Claim
Encumbrances
Force Majeure
Confidential Information
Related Parties
Warranties
Good Order
Property Manager
Representatives
Working Hours
Recitals
Definitions
Termination
Property Handover
Condition of Premises
Financial Settlement
Security Deposit
Utilities and Services
Operating Licenses
Insurance
Employees
Intellectual Property
Confidentiality
Non-Competition
Representations and Warranties
Release and Waiver
Surviving Obligations
Force Majeure
Notices
Costs
Assignment
Severability
Entire Agreement
Amendment
Third Party Rights
Compliance with Laws
Dispute Resolution
Governing Law
Jurisdiction
Retail
Hospitality
Restaurant & Food Service
Healthcare
Manufacturing
Logistics & Warehousing
Automotive
Professional Services
Entertainment & Leisure
Industrial
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Property Management
Asset Management
Risk Management
Business Development
Property Manager
Facility Manager
Operations Director
Legal Counsel
Real Estate Manager
Business Owner
Chief Operating Officer
Commercial Director
Asset Manager
Lease Administrator
Finance Director
General Manager
Property Surveyor
Compliance Officer
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