Document background
The Termination of Lease Contract is a crucial document used when parties mutually agree to end their existing lease arrangement before its natural expiration, or to formally document the end of a lease at its natural conclusion. This document is essential in the Indonesian property market and must comply with the Indonesian Civil Code (KUHPer) and related property regulations. It typically includes detailed provisions for property handover, final financial settlements, utility transfers, and the mutual release of obligations. The document is designed to protect both landlord and tenant interests while ensuring a smooth transition of property possession. It's particularly important in both commercial and residential contexts, where clear documentation of lease termination helps prevent future disputes and ensures all parties understand their rights and obligations during the termination process.
