Lease Termination Agreement By Landlord Template for Indonesia

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Key Requirements PROMPT example:

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."

Document background
The Lease Termination Agreement By Landlord is a crucial document used in Indonesian property management when a landlord needs to formally end a lease agreement before or at its natural conclusion. This document is essential when the landlord needs to terminate the lease due to various reasons such as property sale, renovation, or tenant breach of contract. It must comply with Indonesian Civil Code requirements and property regulations, including proper notice periods and tenant protection measures. The agreement typically includes detailed provisions for property handover, security deposit settlement, and outstanding payment resolution. It's particularly important in both commercial and residential contexts, requiring careful attention to local legal requirements and customs. The document serves as a formal record of the termination process and helps prevent future disputes by clearly outlining each party's rights and obligations during the termination process.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Office Space

Industrial Property

Hospitality

Mixed-Use Development

Relevant Teams

Legal

Property Management

Real Estate Operations

Asset Management

Facilities Management

Contract Administration

Tenant Relations

Property Operations

Compliance

Risk Management

Relevant Roles

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

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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