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1. Parties: Identification of the Landlord/Lessor and Tenant/Lessee with complete details including names, addresses, and contact information
2. Background: Brief recital of the original lease agreement details, including date of execution, property description, and current situation leading to early termination
3. Definitions: Definitions of key terms used in the agreement including 'Termination Date', 'Original Lease', 'Property', and other relevant terms
4. Termination Agreement: Clear statement of mutual agreement to terminate the lease early and specification of the exact termination date
5. Property Handover: Details of the process and conditions for returning the property to the landlord, including inspection procedures
6. Settlement of Dues: Provisions regarding final utility bills, rent payments, and other financial obligations up to the termination date
7. Security Deposit: Terms for the return of the security deposit, including any deductions and timeline for refund
8. Mutual Release: Clause releasing both parties from future obligations under the original lease agreement
9. Governing Law: Specification that the agreement is governed by Indian law and relevant state regulations
10. Execution: Signature blocks and execution details for all parties
1. Outstanding Repairs: To be included if there are specific repair obligations or damage to be addressed before termination
2. Holdover Provisions: Include when there's a possibility of delayed vacancy, specifying penalties or daily charges
3. Third Party Rights: Required if there are subtenants or other third parties with rights related to the property
4. Tax Implications: Include when there are specific tax considerations or requirements that need to be addressed
5. Confidentiality: Optional clause for keeping the terms of the termination agreement private
6. Dispute Resolution: Include specific arbitration or mediation procedures if desired by the parties
1. Schedule A - Property Details: Detailed description of the property including address and any included fixtures or fittings
2. Schedule B - Settlement Statement: Detailed breakdown of all financial settlements including rent, deposits, and any adjustments
3. Schedule C - Handover Checklist: Itemized list of conditions to be met for proper handover of the property
4. Appendix 1 - Original Lease: Copy of the original lease agreement for reference
5. Appendix 2 - Property Inspection Report: Current condition report with photographs and notes about the property's state
6. Appendix 3 - Utility Bills Settlement: List of utility accounts and final reading arrangements
Original Lease
Property
Premises
Termination Date
Effective Date
Handover Date
Landlord
Tenant
Security Deposit
Outstanding Dues
Utilities
Rent
Common Areas
Fixtures and Fittings
Property Manager
Inspection Report
Settlement Statement
Handover Protocol
Business Day
Force Majeure
Applicable Law
Permitted Use
Original Term
Parties
Representatives
Notice
Building
Liabilities
Mutual Release
Mutual Release
Property Handover
Security Deposit
Settlement of Dues
Utilities
Inspection
Keys and Access
Representations and Warranties
Confidentiality
Indemnification
Force Majeure
Governing Law
Dispute Resolution
Notices
Severability
Entire Agreement
Amendment
Assignment
Costs and Expenses
Third Party Rights
Waiver
Compliance with Laws
Property Condition
Outstanding Obligations
Further Assurance
Binding Effect
Time of Essence
Real Estate
Retail
Commercial Office Space
Industrial
Hospitality
Healthcare
Education
Manufacturing
Technology
Banking and Financial Services
Logistics and Warehousing
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Compliance
Property Management
Corporate Services
Risk Management
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Office Administrator
Lease Administrator
Real Estate Director
Compliance Officer
Business Owner
Company Secretary
Chief Financial Officer
Asset Manager
Property Administrator
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