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Lease Termination Agreement By Landlord
"I need a Lease Termination Agreement By Landlord for my commercial property in Jakarta, as I plan to sell the building and need tenants to vacate by March 1, 2025; the agreement should include specific provisions for early termination compensation."
1. Parties: Identification of the Landlord and Tenant, including their full legal names, addresses, and any relevant registration numbers
2. Background: Brief recital of the existing lease agreement details, including its date, property details, and current term
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Notice: Formal declaration of the landlord's intention to terminate the lease, including the specific termination date and grounds for termination
5. Property Handover Requirements: Detailed requirements for the condition of the property upon return, including cleaning, repairs, and removal of tenant possessions
6. Security Deposit Settlement: Terms for the return or withholding of the security deposit, including deductions for damages or unpaid rent
7. Outstanding Payments: Provisions regarding settlement of any outstanding rent, utilities, or other charges
8. Keys and Access Devices: Requirements for returning all keys, access cards, and other property access devices
9. Final Inspection: Process and timing for the final property inspection
10. Release of Obligations: Mutual release of future obligations under the lease agreement, subject to specified conditions
11. Governing Law: Confirmation that the agreement is governed by Indonesian law
12. Execution: Signature blocks and execution requirements
1. Early Termination Fee: Required when the termination occurs before the natural end of the lease term and includes penalties or compensation
2. Holdover Provisions: Include when there's a risk the tenant might not vacate on time, specifying penalties and legal consequences
3. Forwarding Address: Include when requiring the tenant to provide a forwarding address for future correspondence and deposit return
4. Abandoned Property: Include when there's a need to address the handling of any property left behind by the tenant
5. Utilities Transfer: Include when there are specific requirements for transferring or disconnecting utilities
6. Dispute Resolution: Include when parties wish to specify mediation or arbitration procedures before court litigation
1. Schedule A - Property Details: Detailed description of the property including address, boundaries, and included fixtures and fittings
2. Schedule B - Existing Lease Agreement: Copy or key details of the original lease agreement being terminated
3. Schedule C - Property Condition Report: Current condition report and comparison to initial condition report from lease commencement
4. Schedule D - Handover Checklist: Detailed checklist for property handover requirements and procedures
5. Schedule E - Outstanding Payments Statement: Statement of any outstanding rent, utilities, or other charges as of the termination notice date
6. Appendix 1 - Photographic Evidence: Current photographs of the property condition (if relevant)
7. Appendix 2 - Legal Notices: Copies of any formal notices or correspondence related to the termination
Authors
Effective Date
Landlord
Tenant
Property
Original Lease
Lease Term
Termination Date
Security Deposit
Outstanding Payments
Handover Date
Handover Requirements
Property Condition Report
Utilities
Common Areas
Fixtures and Fittings
Keys and Access Devices
Notice Period
Business Day
Applicable Law
Final Inspection
Abandonment
Force Majeure
Premises
Representatives
Permitted Use
Termination Notice
Handover Protocol
Settlement Statement
Property Handover
Security Deposit
Outstanding Payments
Utilities Settlement
Final Inspection
Access and Keys
Maintenance and Repairs
Release of Obligations
Indemnification
Dispute Resolution
Governing Law
Force Majeure
Notices
Severability
Entire Agreement
Amendment
Waiver
Assignment
Survival
Costs and Expenses
Representations and Warranties
Compliance with Laws
Further Assurance
Confidentiality
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Office Space
Industrial Property
Hospitality
Mixed-Use Development
Legal
Property Management
Real Estate Operations
Asset Management
Facilities Management
Contract Administration
Tenant Relations
Property Operations
Compliance
Risk Management
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Property Administrator
Asset Manager
Leasing Manager
Real Estate Attorney
Property Operations Manager
Tenant Relations Manager
Contract Administrator
Real Estate Director
Building Manager
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