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1. Parties: Details of the landlord/lessor and tenant/lessee, including full names, addresses, and contact information
2. Background: Brief recital of the original lease agreement details and the mutual decision to terminate the tenancy
3. Definitions: Key terms used throughout the agreement including 'Premises', 'Vacation Date', 'Security Deposit', etc.
4. Vacation Date: Specific date and time by which the tenant must completely vacate the premises
5. Handover Conditions: Requirements for the condition in which the property must be returned, including cleaning and repairs
6. Security Deposit Settlement: Terms for the return of the security deposit, including deductions if any and timeline for return
7. Utility Bills Settlement: Process for final meter readings and payment of pending utility bills
8. Key Return: Procedure and timing for returning all sets of keys and access devices
9. Mutual Release: Mutual release of future claims and obligations related to the tenancy
10. Governing Law: Specification that the agreement is governed by Indian law and relevant state regulations
1. Pending Rent Settlement: Include when there are outstanding rent payments to be settled
2. Property Damage Resolution: Include when there are specific damages to be addressed or disputed
3. Renovation/Modification Restoration: Include when tenant made modifications that need to be restored
4. Early Termination Fees: Include when the vacation is before the lease end date and involves penalty fees
5. Forwarding Address: Include when specific arrangements are needed for future communications or mail forwarding
6. Storage and Abandoned Property: Include when dealing with items left behind or temporary storage arrangements
1. Schedule A - Property Inventory: Detailed list of fixtures and fittings and their condition at vacation
2. Schedule B - Security Deposit Calculation: Breakdown of security deposit deductions and final return amount
3. Schedule C - Utility Bills Statement: List of utility accounts and final reading details
4. Schedule D - Damage Assessment Report: If applicable, detailed assessment of any damage and repair costs
5. Schedule E - Handover Checklist: Comprehensive checklist for property inspection and handover process
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