The Lease Cancellation Notice is a critical document used in the Indian real estate context when either a landlord or tenant wishes to formally terminate an existing lease agreement. It must comply with the Transfer of Property Act, 1882, and relevant state-specific rent control laws. This document is typically used when there's a need for early termination of the lease, non-renewal at the end of the term, or termination due to breach of lease terms. The notice should include specific details about the property, reference to the original lease agreement, notice period as per the agreement or statutory requirements, and proposed handover date. Important considerations include security deposit return, outstanding payments, and property condition assessment. The document serves as legal evidence of proper notice being served and helps prevent future disputes regarding the lease termination.
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1. Notice Header: Date, addressed to the landlord/tenant, property address, and reference number if applicable
2. Lease Reference: Details of the original lease agreement including date of execution and parties involved
3. Property Details: Complete description of the leased property being vacated
4. Cancellation Declaration: Clear statement of intent to terminate the lease, citing relevant clause from original agreement if applicable
5. Notice Period: Specification of the notice period being given and the intended date of vacancy
6. Handover Details: Information about property inspection and key handover process
7. Closing: Formal closing with signature block and contact information
1. Reason for Cancellation: Include when there's a specific breach or circumstance that needs to be documented
2. Security Deposit: Include when addressing the return of security deposit and any deductions
3. Outstanding Payments: Include when there are pending rent payments or utility bills to be settled
4. Maintenance Issues: Include when there are specific repair or maintenance matters to be addressed before vacancy
5. Mutual Agreement Statement: Include when the cancellation is by mutual consent of both parties
6. Legal Notice: Include when the cancellation is due to legal proceedings or statutory notices
1. Property Inventory List: Detailed list of fixtures and fittings and their condition
2. Payment Reconciliation Statement: Statement showing all pending payments, adjustments, and final settlement
3. Photographic Evidence: Documentation of property condition at time of notice
4. Utility Bills Summary: List of all utility accounts and status of payments
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