The Termination Of Lease Agreement During Lock In Period is essential when parties need to end a lease before the lock-in period expires in Singapore. This document is typically used when unforeseen circumstances necessitate early termination, such as relocation, financial hardship, or other significant changes in circumstances. It addresses key aspects including termination penalties, notice periods, security deposit handling, and property handover requirements, all while ensuring compliance with Singapore's property laws and regulations. The agreement protects both parties' interests by clearly defining their rights and obligations during the early termination process.
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1. Parties: Details of landlord and tenant
2. Background: Original lease details, lock-in period terms, and reason for termination
3. Definitions: Key terms used in the agreement
4. Termination Date: Specified date when the lease will terminate
5. Early Termination Compensation: Details of penalties or compensation payable
6. Security Deposit Settlement: Terms for return or forfeiture of security deposit
7. Handover Procedures: Process for returning the property
1. Force Majeure: Used when termination is due to extraordinary circumstances beyond parties' control
2. Payment Plan: Structure for paying termination penalties in installments
3. Reinstatement Works: Requirements for property restoration when specific restoration work is required
1. Original Lease Agreement: Copy of the original lease being terminated
2. Property Condition Report: Current condition of property and required repairs
3. Handover Checklist: List of items to be checked during property handover
4. Payment Schedule: Detailed breakdown of termination payments
Relevant legal definitions
Agreement
Break Date
Commencement Date
Early Termination Fee
Effective Date
Expiry Date
Handover Date
Landlord
Lease
Lock-in Period
Notice Period
Original Lease Agreement
Parties
Premises
Property
Reinstatement Works
Rent
Security Deposit
Tenant
Termination Date
Termination Notice
Termination Payment
Outstanding Amounts
Utilities
Working Day
Break Date
Commencement Date
Early Termination Fee
Effective Date
Expiry Date
Handover Date
Landlord
Lease
Lock-in Period
Notice Period
Original Lease Agreement
Parties
Premises
Property
Reinstatement Works
Rent
Security Deposit
Tenant
Termination Date
Termination Notice
Termination Payment
Outstanding Amounts
Utilities
Working Day
Clauses
Termination Date
Early Termination Fee
Security Deposit
Outstanding Payments
Property Handover
Reinstatement Obligations
Keys Return
Utility Accounts
Release and Discharge
Representations and Warranties
Indemnification
Confidentiality
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Force Majeure
Assignment
Further Assurance
Costs and Expenses
Variations
Counterparts
Early Termination Fee
Security Deposit
Outstanding Payments
Property Handover
Reinstatement Obligations
Keys Return
Utility Accounts
Release and Discharge
Representations and Warranties
Indemnification
Confidentiality
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Force Majeure
Assignment
Further Assurance
Costs and Expenses
Variations
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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