The Mutual Agreement To End Tenancy is used when both landlord and tenant voluntarily agree to terminate a lease before its natural expiration. This document is crucial in U.S. rental markets when circumstances require early lease termination that is amenable to both parties. It typically includes specific termination dates, move-out conditions, security deposit arrangements, and mutual releases from future obligations. The agreement helps prevent future disputes by clearly documenting the terms of the early termination and protecting both parties' interests under applicable state landlord-tenant laws.
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1. Parties: Identification of landlord and tenant(s), including full legal names and current addresses
2. Background: Reference to original lease agreement, property details, and mutual intention to terminate
3. Definitions: Key terms used in the agreement including Property, Termination Date, Security Deposit, etc.
4. Termination Date: Specific date when tenancy will end and details of key handover
5. Security Deposit: Terms for security deposit return, including timeline and deduction process
6. Mutual Release: Mutual agreement to release each party from future obligations under the original lease
1. Property Condition: Specific requirements for cleaning, repairs, and property condition upon move-out
2. Utilities: Arrangements for final utility readings and payment responsibilities
3. Personal Property: Provisions for handling any abandoned personal property after move-out
1. Move-out Inspection Checklist: Detailed checklist for documenting property condition at termination
2. Security Deposit Calculation: Itemized list of any deductions from security deposit
3. Forwarding Address Form: Form for tenant to provide forwarding address for security deposit return and future correspondence
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