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Early Lease Termination Agreement
"I need an Early Lease Termination Agreement for my Singapore HDB flat where I'm the tenant, looking to end the lease on March 1, 2025, due to overseas job relocation, and want to ensure proper handling of my $3,000 security deposit."
1. Parties: Identification and details of landlord and tenant
2. Background: Details of original lease and circumstances leading to early termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Agreed date of early termination and notice requirements
5. Settlement Terms: Financial settlement including security deposit and outstanding payments
6. Handover Obligations: Property condition and reinstatement requirements
7. Mutual Release: Release of parties from future obligations under original lease
1. Utilities Settlement: Terms for settling utility bills and transfer of accounts - include when utilities are not included in rent
2. Property Inspection: Process for final inspection and condition assessment - include when specific inspection requirements exist
3. Third Party Agreements: Handling of any sub-leases or third-party contracts - include when sub-tenants or service providers are involved
1. Schedule 1: Original Lease: Copy of the original lease agreement being terminated
2. Schedule 2: Property Inventory: List of fixtures and fittings to be handed over
3. Schedule 3: Settlement Calculation: Detailed breakdown of financial settlement including prorated rent, deposit deductions, and outstanding payments
4. Appendix A: Handover Checklist: Detailed checklist for property handover process and condition requirements
Authors
Original Lease
Property
Landlord
Tenant
Termination Date
Effective Date
Security Deposit
Outstanding Payments
Lease Period
Premises
Handover Date
Settlement Amount
Original Term
Property Manager
Reinstatement Works
Handover Condition
Utilities
Service Charges
Guarantor
Parties
Business Day
Relevant Authority
Notice
Property Tax
Inventory List
Keys
Permitted Use
Common Areas
Building
Management Corporation
Working Day
Early Termination
Security Deposit
Outstanding Payments
Property Condition
Handover Requirements
Reinstatement Obligations
Utilities Settlement
Release and Discharge
Assignment
Confidentiality
Representations and Warranties
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Force Majeure
Third Party Rights
Costs and Expenses
Further Assurance
Mutual Release
Property Inspection
Keys and Access
Insurance
Indemnification
Stamp Duty
Time of Essence
Waiver
Counterparts
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