The Agreement To Cancel Lease Template is essential when parties mutually agree to terminate a lease before its intended end date. Under Singapore law, this document provides legal protection for both landlord and tenant by clearly defining the terms of separation, including the termination date, financial settlements, and release of obligations. It helps prevent future disputes by documenting the agreed terms of the early termination and ensures compliance with Singapore's property and contract laws. This agreement is particularly relevant during situations such as tenant relocation, property sale, or other circumstances where both parties agree to end the lease prematurely.
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1. Parties: Identifies and defines the landlord and tenant
2. Background: Details of original lease and reason for cancellation
3. Definitions: Key terms used in the agreement
4. Termination Date: Specific date when lease will be terminated
5. Mutual Release: Parties' agreement to release each other from lease obligations
6. Security Deposit: Terms for return of security deposit
7. Execution: Signature blocks and execution details
1. Property Inspection: Terms for final inspection, applicable when property condition is a concern
2. Outstanding Payments: Settlement of any pending rent or utility payments
3. Keys Return: Procedure for returning keys and access devices
1. Original Lease: Copy of the original lease being cancelled
2. Property Condition Report: Current condition of property if relevant
3. Payment Settlement Schedule: Details of any financial settlements if applicable
Relevant legal definitions
Agreement
Original Lease
Property
Premises
Landlord
Tenant
Termination Date
Security Deposit
Effective Date
Outstanding Payments
Parties
Lease Term
Cancellation Fee
Utilities
Common Areas
Keys and Access Devices
Property Manager
Original Lease Date
Reinstatement Works
Business Day
GST
Agreed State
Notice
Governing Law
Original Lease
Property
Premises
Landlord
Tenant
Termination Date
Security Deposit
Effective Date
Outstanding Payments
Parties
Lease Term
Cancellation Fee
Utilities
Common Areas
Keys and Access Devices
Property Manager
Original Lease Date
Reinstatement Works
Business Day
GST
Agreed State
Notice
Governing Law
Clauses
Interpretation
Mutual Agreement to Terminate
Termination Date
Security Deposit Return
Outstanding Payments
Property Inspection
Handover Requirements
Mutual Release
Keys and Access
Utilities Settlement
Property Reinstatement
Confidentiality
Costs and Expenses
Legal Effect
Further Assurance
Severability
Entire Agreement
Notices
Governing Law
Dispute Resolution
Force Majeure
Assignment
Third Party Rights
Counterparts
Mutual Agreement to Terminate
Termination Date
Security Deposit Return
Outstanding Payments
Property Inspection
Handover Requirements
Mutual Release
Keys and Access
Utilities Settlement
Property Reinstatement
Confidentiality
Costs and Expenses
Legal Effect
Further Assurance
Severability
Entire Agreement
Notices
Governing Law
Dispute Resolution
Force Majeure
Assignment
Third Party Rights
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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