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1. Parties: Identification of the Landlord and Tenant with their full legal names, addresses, and contact information
2. Background: Brief recital of the original lease agreement details including date of execution, property address, and term of lease
3. Definitions: Key terms used in the agreement including 'Premises', 'Original Lease', 'Termination Date', and 'Security Deposit'
4. Termination Agreement: Clear statement of mutual agreement to terminate the lease and the effective date of termination
5. Return of Premises: Conditions for returning the premises, including cleaning requirements and property inspection process
6. Security Deposit: Terms for the return or withholding of security deposit, including timeline and deductions if any
7. Settlement of Accounts: Agreement on final utility bills, rent payments, and any other financial obligations
8. Release of Obligations: Mutual release of future obligations under the original lease agreement
9. Governing Law: Specification that the agreement is governed by Pakistan law
10. Signatures: Space for dated signatures of all parties and witnesses
1. Repairs and Damages: Details of any repairs required or damages to be addressed, used when there are specific property condition issues
2. Outstanding Rent: Section addressing any unpaid rent or payment plans, included when there are pending rental payments
3. Keys and Access Devices: Specific provisions about returning keys, access cards, or other security devices, used for properties with security systems
4. Forwarding Address: Section for tenant's new address for future correspondence, important for security deposit return
5. Dispute Resolution: Specific procedures for resolving any future disputes, recommended for high-value properties
6. Surviving Obligations: List of any obligations that continue after termination, used when certain responsibilities need to persist
1. Schedule A - Property Details: Detailed description of the leased premises including address and any included fixtures or fittings
2. Schedule B - Inspection Report: Current condition report of the property with photographs and notes on any damage
3. Schedule C - Settlement Statement: Detailed breakdown of all financial settlements including security deposit deductions if any
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated
5. Appendix 2 - Property Handover Checklist: Checklist for final inspection and handover of the property
Original Lease
Premises
Effective Date
Termination Date
Landlord
Tenant
Security Deposit
Rent
Property
Handover Date
Outstanding Charges
Utilities
Fixtures and Fittings
Inspection Report
Settlement Statement
Business Day
Force Majeure
Applicable Law
Notice
Parties
Representatives
Handover Certificate
Final Settlement
Property Handover
Security Deposit Return
Final Inspection
Settlement of Accounts
Release and Discharge
Utilities and Services
Keys and Access
Property Condition
Acknowledgment
Representations and Warranties
Indemnification
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Amendment
Force Majeure
Costs and Expenses
Compliance with Laws
Further Assurance
Counterparts
Binding Effect
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Manufacturing
Legal
Property Management
Real Estate
Operations
Facilities Management
Asset Management
Compliance
Administrative Services
Tenant Relations
Contract Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Manager
Asset Manager
Property Administrator
Real Estate Agent
Building Manager
Operations Manager
Compliance Officer
Housing Administrator
Tenant Relations Manager
Real Estate Coordinator
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