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End Of Lease Contract

End Of Lease Contract for Malta

End Of Lease Contract Template for Malta

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End Of Lease Contract

"I need an End of Lease Contract for a commercial warehouse property in Malta, where the tenant has agreed to early termination on March 15, 2025, with specific provisions for removing industrial equipment and restoring the premises to its original condition."

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What is a End Of Lease Contract?

The End of Lease Contract is a crucial document used in Malta when formally concluding a lease agreement between parties. It becomes necessary when either the natural term of a lease expires or parties mutually agree to terminate their lease relationship early. This document, governed by Maltese law including the Civil Code and recent rental reforms under Act XXIV of 2020, serves to protect both landlord and tenant interests by clearly documenting the agreed terms of lease termination. It covers essential aspects such as property condition assessment, utility settlements, deposit returns, and mutual releases from future obligations. The document is particularly important in establishing a clear record of the property's condition at handover and preventing future disputes regarding obligations or property condition.

What sections should be included in a End Of Lease Contract?

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and registration numbers if applicable

2. Background: Brief recap of the original lease agreement details, including commencement date, property details, and reference to termination notice

3. Definitions: Key terms used throughout the document, including 'Property', 'Lease Agreement', 'Termination Date', etc.

4. Confirmation of Lease Termination: Formal acknowledgment of the lease termination date and mutual agreement to end the tenancy

5. Property Inspection and Condition: Details of the final inspection process and agreed condition of the property

6. Return of Keys and Access Devices: Provisions regarding the handover of all keys, access cards, and security devices

7. Settlement of Accounts: Agreement on final utility bills, rent, and service charge reconciliation

8. Deposit Return: Terms for the return of the security deposit, including any agreed deductions

9. Release and Discharge: Mutual release from future obligations under the lease agreement

10. Governing Law: Confirmation that the agreement is governed by Maltese law

What sections are optional to include in a End Of Lease Contract?

1. Dilapidations Settlement: Used when there are specific agreements about repair works or compensation for property damage

2. Remaining Tenant Property: Required when addressing the removal or disposal of tenant's remaining belongings

3. Third Party Notifications: Included when specific notifications to authorities or service providers are required

4. Outstanding Alterations: Necessary when dealing with tenant improvements or unauthorized modifications

5. Assignment of Warranties: Required when transferring warranties for tenant improvements back to the landlord

6. Dispute Resolution: Added when specific dispute resolution procedures are agreed upon

7. Insurance Claims: Included when addressing ongoing or pending insurance claims

8. Professional Fees: Used when allocating costs for professional services related to the lease termination

What schedules should be included in a End Of Lease Contract?

1. Schedule 1 - Property Inventory: Detailed inventory of the property condition and contents at termination

2. Schedule 2 - Utility Readings: Final meter readings for electricity, water, gas, and other utilities

3. Schedule 3 - Outstanding Payments: List of any agreed outstanding payments or credits

4. Schedule 4 - Deposit Deductions: Itemized list of agreed deductions from the security deposit

5. Appendix A - Photographic Evidence: Dated photographs documenting the property's condition at termination

6. Appendix B - Inspection Report: Professional property inspection report if applicable

7. Appendix C - Correspondence Record: Copies of relevant notices and correspondence regarding the termination

8. Appendix D - Handover Certificates: Certificates confirming return of keys, access cards, and other items

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Hospitality

Office Space

Industrial

Warehousing

Manufacturing

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Administration

Compliance

Property Management

Asset Management

Relevant Roles

Property Manager

Facilities Manager

Real Estate Manager

Legal Counsel

Contract Administrator

Operations Manager

Asset Manager

Lease Administrator

Property Administrator

Real Estate Director

Compliance Officer

Finance Manager

Building Manager

Office Manager

Industries
Chapter 16 of the Laws of Malta (Civil Code): Contains fundamental provisions governing contracts, obligations, and lease agreements, including requirements for validity, termination conditions, and parties' rights and obligations
Act XXIV of 2020 (Private Residential Leases Act): Recent legislation governing residential lease agreements, including mandatory registration requirements and minimum lease terms
Chapter 69 of the Laws of Malta (Reletting of Urban Property Ordinance): Regulates the reletting of urban properties and provides protection to tenants, particularly relevant for lease termination procedures
Legal Notice 261 of 2008 (Energy Performance of Buildings Regulations): Specifies requirements for energy performance certificates that may need to be addressed during property handover
Chapter 13 of the Laws of Malta (Commercial Code): Contains provisions specific to commercial lease agreements and business premises
Legal Notice 230 of 2011 (Protection Against Eviction): Provides legal framework for eviction procedures and tenant protection measures relevant to lease termination
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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