The Mutual Termination of Tenancy Agreement is utilized when both landlord and tenant wish to end their tenancy relationship before the original end date specified in their lease. This document, governed by English and Welsh law, provides a clear framework for early termination while protecting both parties' interests. It typically includes specific termination dates, deposit arrangements, property inspection requirements, and procedures for settling any outstanding matters. This agreement is particularly important for ensuring a smooth transition and preventing future disputes, while complying with relevant housing legislation and tenancy laws.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: References to original tenancy agreement and mutual decision to terminate
3. Definitions: Key terms used in the agreement
4. Termination Date: Specific date when tenancy will end
5. Deposit Arrangements: Agreement on return of deposit and timing
6. Vacant Possession: Tenant's obligation to return property empty and in agreed condition
1. Outstanding Payments: Section covering settlement of any rent arrears or other payments - use when there are outstanding financial matters
2. Property Inspection: Section detailing arrangements for final inspection - use when specific inspection arrangements need to be documented
3. Personal Belongings: Section covering arrangements for removal of tenant's belongings - use when there are specific concerns about remaining possessions
1. Schedule of Condition: Current condition of property and any agreed damage or wear and tear
2. Schedule of Outstanding Payments: Detailed breakdown of any outstanding amounts
3. Inventory Check List: List of items to be checked during final inspection
Relevant legal definitions
Agreement
Property
Original Tenancy Agreement
Termination Date
Deposit
Deposit Scheme
Landlord
Tenant
Guarantor
Rent
Outstanding Payments
Vacant Possession
Schedule of Condition
Inventory
Business Day
Working Day
Parties
Utilities
Council Tax
Keys
Personal Belongings
Final Inspection
Security Deposit Return
Property
Original Tenancy Agreement
Termination Date
Deposit
Deposit Scheme
Landlord
Tenant
Guarantor
Rent
Outstanding Payments
Vacant Possession
Schedule of Condition
Inventory
Business Day
Working Day
Parties
Utilities
Council Tax
Keys
Personal Belongings
Final Inspection
Security Deposit Return
Clauses
Recitals
Mutual Agreement to Terminate
Termination Date
Vacant Possession
Property Condition
Deposit Return
Outstanding Payments
Utilities and Council Tax
Keys and Security Devices
Inspection Arrangements
Personal Property Removal
Release of Obligations
Survival of Terms
Return of Documents
Confidentiality
Costs
Entire Agreement
Severability
Governing Law
Jurisdiction
Counterparts
Notices
Third Party Rights
Variation
Assignment
Mutual Agreement to Terminate
Termination Date
Vacant Possession
Property Condition
Deposit Return
Outstanding Payments
Utilities and Council Tax
Keys and Security Devices
Inspection Arrangements
Personal Property Removal
Release of Obligations
Survival of Terms
Return of Documents
Confidentiality
Costs
Entire Agreement
Severability
Governing Law
Jurisdiction
Counterparts
Notices
Third Party Rights
Variation
Assignment
Relevant Industries
Relevant Teams
Relevant Roles
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