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Termination Of Lease Agreement During Lock In Period
"I need a Termination Of Lease Agreement During Lock In Period for my retail space in Singapore, as my business is relocating overseas, with termination effective March 15, 2025, and I want to include a payment plan for the early termination penalties."
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
Authors
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
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
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