The Termination Of Rental Agreement Form serves as a crucial legal instrument in U.S. rental property management. It's required when either party wishes to end a lease agreement, whether at natural conclusion or through early termination. The document ensures compliance with federal housing laws and state-specific requirements, protecting both landlord and tenant rights. It typically includes essential details such as property information, termination date, move-out procedures, and security deposit handling. This form is particularly important for maintaining clear records and preventing future disputes regarding the termination process.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Property Details: Complete address and description of the rental property
3. Notice of Termination: Clear statement of intent to terminate with specific date
4. Move-out Date: Specified date by which tenant must vacate the property
5. Security Deposit Instructions: Details regarding the return of security deposit and inspection process
1. Early Termination Fee: Applicable penalties and fees for early termination of the lease agreement
2. Military Clause: Special provisions and rights for active military personnel under the Servicemembers Civil Relief Act
3. Forwarding Address: New address provided by tenant for future correspondence and security deposit return
1. Property Inspection Checklist: Detailed form for documenting the property condition at move-out
2. Security Deposit Itemization: Detailed breakdown of any deductions from the security deposit
3. Original Lease Agreement: Reference copy of the original lease agreement being terminated
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