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1. Parties: Identification of the Landlord/Lessor and Tenant/Lessee with their complete details
2. Background: Reference to the original lease agreement, its date, and property details
3. Definitions: Key terms used in the agreement including 'Original Lease', 'Property', 'Termination Date', etc.
4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the lease early
5. Effective Date of Termination: Specific date when the lease termination becomes effective
6. Handover Requirements: Conditions for returning the property, including cleaning and repair obligations
7. Financial Settlement: Details of any rent adjustments, pro-rata calculations, and final payments
8. Release of Obligations: Mutual release from future obligations under the original lease
9. Governing Law: Specification that the agreement is governed by Indian law
10. Execution: Signature blocks for all parties and witnesses
1. Security Deposit Settlement: Terms for returning the security deposit, applicable when a security deposit was paid under the original lease
2. Outstanding Utilities: Provisions for settlement of pending utility bills, used when utilities are in either party's name
3. Repairs and Maintenance: Special provisions for addressing any pending repairs or maintenance issues
4. Key Return: Specific arrangements for returning keys and access devices, used for properties with security systems or multiple sets of keys
5. Forwarding Address: Tenant's new address for future correspondence, particularly important for security deposit return
6. Surviving Obligations: Any specific obligations that will survive the termination, if applicable
1. Schedule A - Property Details: Detailed description of the leased property including address and any included fixtures/fittings
2. Schedule B - Original Lease Reference: Copy or key details of the original lease agreement being terminated
3. Schedule C - Financial Statement: Detailed breakdown of all financial settlements, including rent calculations and adjustments
4. Schedule D - Property Condition Report: Current condition of the property and any agreed repairs or improvements needed before handover
5. Appendix 1 - Handover Checklist: Detailed list of items to be checked during the final property inspection
Original Lease
Property
Premises
Landlord
Tenant
Effective Date
Termination Date
Security Deposit
Handover Date
Outstanding Amounts
Utility Charges
Rent
Parties
Business Day
Notice
Property Manager
Handover Protocol
Fixtures and Fittings
Final Inspection
Applicable Law
Force Majeure
Surviving Obligations
Authorized Representative
Settlement Amount
Definitions
Mutual Agreement
Termination
Property Handover
Financial Settlement
Security Deposit
Release of Obligations
Outstanding Payments
Utilities Settlement
Property Condition
Keys and Access
Inspection
Representations and Warranties
Severability
Entire Agreement
Notices
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Survival
Amendment
Counterparts
Execution
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Manufacturing
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Tenant Relations
Administration
Compliance
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Lease Administrator
Asset Manager
Operations Manager
Real Estate Director
Tenant Relations Manager
Property Administrator
Compliance Officer
Real Estate Agent
Building Manager
Housing Officer
Commercial Property Manager
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