The Form To Terminate Lease Agreement is a crucial legal document used in Malta when parties wish to formally end their lease arrangement, whether at the natural conclusion of the lease term or through mutual agreement for early termination. This document is essential for compliance with Maltese rental laws, including the Civil Code (Chapter 16) and the Private Residential Leases Act, which require specific procedures and documentation for lease terminations. The form includes provisions for property inspection, security deposit return, utility settlements, and final obligations of both parties. It's particularly important given Malta's strict rental market regulations and the need for proper documentation in property transactions. The agreement can be used for both residential and commercial properties, providing legal certainty and protection for all parties involved in the lease termination process.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Details of the original lease agreement including date, property address, and registration number as required by Maltese law
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Original Lease', and 'Security Deposit'
4. Termination Agreement: Mutual agreement to terminate the lease, specifying the effective termination date
5. Property Inspection: Requirements for final property inspection and condition assessment
6. Security Deposit: Terms for the return or deduction of the security deposit
7. Final Payments: Settlement of any outstanding rent, utilities, or other charges
8. Handover Requirements: Specific conditions for returning keys and vacating the property
9. Release of Obligations: Mutual release of future obligations under the original lease
10. Governing Law: Confirmation that the agreement is governed by Maltese law
1. Forwarding Address: Section for tenant's new address for future correspondence, particularly relevant for international tenants
2. Dispute Resolution: Optional arbitration or mediation clauses for handling potential disputes
3. Maintenance Works: Specific requirements for repairs or restoration if property damage exists
4. Utilities Transfer: Procedures for transferring or terminating utility accounts, relevant when utilities are in tenant's name
5. Commercial Terms: Additional provisions specific to commercial property terminations, including handling of fixtures and fittings
6. Early Termination Fee: Applicable when termination occurs before the original lease end date
1. Schedule 1 - Property Inventory: Detailed list of property contents and their condition at termination
2. Schedule 2 - Outstanding Payments: Itemized list of any pending payments or adjustments
3. Schedule 3 - Property Photographs: Documentary evidence of property condition at termination
4. Appendix A - Original Lease: Copy of the original lease agreement for reference
5. Appendix B - Inspection Report: Final property inspection report signed by both parties
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