Termination Of Commercial Lease By Tenant Template for Philippines

1. Date and Parties: Identifies the date of the termination notice and the full legal names and addresses of both the tenant and landlord

2. Lease Reference: Specific details of the original lease agreement including date of execution, property address, and any relevant amendments

3. Notice of Termination: Clear statement of intent to terminate the lease, citing the specific termination clause being relied upon

4. Effective Date: Specification of the date when the termination will take effect, ensuring compliance with notice periods required under the lease

5. Property Vacation: Commitment to vacate the premises by the specified date and return it in the condition required by the lease

6. Outstanding Obligations: Statement regarding settlement of any outstanding rent, utilities, or other financial obligations

7. Security Deposit: Reference to the security deposit and process for its return

8. Closing Statements: Final arrangements for property inspection, key return, and forwarding address

9. Signature Block: Space for dated signatures of the tenant and acknowledgment section

1. Schedule A - Property Inventory: Detailed list of landlord-owned fixtures and fittings and their condition

2. Schedule B - Outstanding Payments: Itemized list of any remaining payments or credits

3. Schedule C - Property Restoration Requirements: Specific requirements for returning the property to its original condition

4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference

5. Appendix 2 - Photographic Evidence: Current photographs of the property condition