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1. Parties: Identification of the Landlord and Tenant, including complete names, addresses, and any relevant business registration details
2. Background: Brief recital of the existing lease agreement details, including date of execution, property description, and current term
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the lease will terminate and the tenant will vacate the property
5. Mutual Agreement to Terminate: Express statement of both parties' agreement to terminate the lease
6. Final Payments: Details of any final rent payments, pro-rated amounts, and utility bills to be settled
7. Property Inspection: Requirements and process for final property inspection
8. Return of Security Deposit: Terms and timeline for the return of the security deposit
9. Release and Waiver: Mutual release of claims and obligations related to the lease
10. Governing Law: Specification that the agreement is governed by Philippine law
11. Execution: Signature blocks and execution requirements
1. Outstanding Repairs: Include when there are specific repairs or maintenance issues that need to be addressed before termination
2. Holdover Provisions: Include when there's a need to address potential consequences of the tenant not vacating by the termination date
3. Property Damage Settlement: Include when there are specific damages to be addressed or compensated
4. Keys and Access Devices: Include when there are multiple sets of keys or access devices to be returned
5. Forwarding Address: Include when specific arrangements are needed for future communications or final bill settlements
6. Third-Party Notifications: Include when there are requirements to notify utility companies, insurance providers, or other third parties
7. Personal Property: Include when addressing abandoned property or specific arrangements for removal of tenant's belongings
1. Schedule A - Property Details: Detailed description of the leased property including address and any included fixtures or fittings
2. Schedule B - Payment Settlement: Detailed breakdown of final payments, including rent, utilities, and any adjustments
3. Schedule C - Inspection Checklist: Comprehensive checklist for final property inspection
4. Schedule D - Security Deposit Calculation: Detailed calculation of security deposit return or deductions
5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated
6. Appendix 2 - Property Photographs: Current photographs of the property condition (if relevant)
Original Lease
Property
Landlord
Tenant
Termination Date
Security Deposit
Effective Date
Premises
Parties
Business Day
Outstanding Obligations
Final Inspection
Surrender Date
Vacation Notice
Lease Period
Common Areas
Fixtures and Fittings
Utilities
Keys and Access Devices
Final Settlement
Property Manager
Authorized Representative
Notice
Governing Law
Property Surrender
Final Settlement
Security Deposit
Release and Discharge
Inspection
Utilities and Services
Personal Property
Access and Keys
Representations and Warranties
Indemnification
Governing Law
Entire Agreement
Severability
Further Assurance
Compliance with Laws
Dispute Resolution
Notices
Costs and Expenses
Amendment
Assignment
Force Majeure
Counterparts
Authority
Confidentiality
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Agriculture
Education
Healthcare
Legal
Real Estate
Facilities Management
Operations
Compliance
Property Management
Asset Management
Administration
Risk Management
Contract Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Leasing Manager
Asset Manager
Operations Director
Real Estate Director
Compliance Officer
Property Administrator
Tenant Relations Manager
Real Estate Agent
Building Manager
Contract Administrator
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