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1. Parties: Identification of the Landlord and Tenant with their complete details including names, addresses, and contact information
2. Background: Reference to the original lease agreement, its date, and key terms, establishing the context for the termination
3. Definitions: Definitions of key terms used in the agreement, including 'Termination Date', 'Property', 'Original Lease', etc.
4. Termination Notice: Formal declaration of termination, specifying the effective date and compliance with notice period requirements
5. Mutual Agreement: Statement of mutual consent to terminate the lease agreement
6. Property Handover: Details of the property handover process, including inspection, key return, and condition requirements
7. Settlement of Accounts: Terms for settling outstanding rent, utilities, maintenance charges, and security deposit refund
8. Release and Discharge: Mutual release from obligations under the original lease post-termination
9. Governing Law: Specification that the agreement is governed by Indian law and relevant state legislation
10. Execution: Signature blocks and execution details for all parties
1. Partial Termination: Used when only part of the leased premises is being terminated while other parts remain under lease
2. Disputed Amounts: Section addressing any disputed amounts and the mechanism for their resolution
3. Retention of Rights: Used when certain rights or obligations need to survive the termination
4. Confidentiality: Required when parties wish to keep the termination terms confidential
5. Future Rights of First Refusal: Optional clause giving tenant priority if property becomes available for rent again
6. Warranty Claims: Section dealing with any ongoing warranty claims or maintenance issues that need to be resolved
1. Schedule 1 - Property Details: Detailed description of the property being vacated, including address and any specific areas included
2. Schedule 2 - Handover Checklist: Comprehensive list of items to be checked during property handover inspection
3. Schedule 3 - Settlement Statement: Detailed breakdown of all financial settlements, including security deposit, outstanding dues, and deductions
4. Schedule 4 - Inventory List: List of fixtures and fittings to be returned or removed
5. Appendix A - Original Lease Reference: Copy or key details of the original lease agreement being terminated
6. Appendix B - Photographic Evidence: Photos documenting the condition of the property at termination (if required)
Original Lease
Property
Premises
Landlord
Tenant
Termination Date
Effective Date
Security Deposit
Outstanding Dues
Handover Date
Notice Period
Rent
Utilities
Common Areas
Fixtures and Fittings
Inventory
Maintenance Charges
Permitted Use
Business Day
Applicable Law
Force Majeure
Material Breach
Settlement Statement
Handover Certificate
Inspection Report
Keys and Access Devices
Property Manager
Authorized Representative
Governing Law
Termination Notice
Mutual Agreement
Property Handover
Security Deposit
Settlement of Accounts
Outstanding Payments
Utilities Transfer
Keys and Access
Property Inspection
Release and Discharge
Indemnification
Confidentiality
Surviving Obligations
Dispute Resolution
Governing Law
Severability
Force Majeure
Notices
Entire Agreement
Amendment
Waiver
Assignment
Compliance with Laws
Further Assurance
Costs and Expenses
Counterparts
Property Maintenance
Insurance
Registration
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Education
Healthcare
Warehousing
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Asset Management
Tenant Relations
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Lease Administrator
Property Administrator
Real Estate Officer
Asset Manager
Operations Manager
Compliance Officer
Housing Officer
Estate Agent
Property Consultant
Tenant Relations Manager
Real Estate Coordinator
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