The Early Lease Termination Form is a crucial document used in Indonesian property management when both parties agree to end a lease before its scheduled expiration. It serves as a legal instrument under Indonesian Civil Code (KUHPerdata) Articles 1548-1600 and related property regulations, providing a structured approach to terminate lease agreements while protecting the interests of both landlords and tenants. The form is designed to document the mutually agreed termination date, financial settlements, property handover requirements, and release of future obligations. It includes essential provisions for security deposit returns, utility transfers, and property condition assessment, ensuring compliance with local regulations while maintaining clarity and fairness in the termination process.
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1. Party Details: Names, identification numbers, and contact information of both landlord and tenant
2. Property Information: Complete address and description of the leased property
3. Original Lease Reference: Details of the original lease agreement including date of execution and initial term
4. Termination Date: Specific date when the lease will be terminated
5. Reason for Termination: Brief statement of the reason for early termination
6. Financial Settlement: Details of any final payments, security deposit returns, or penalties
7. Handover Requirements: Conditions for property handover and inspection requirements
8. Mutual Release: Statement releasing both parties from future obligations under the original lease
9. Signatures: Space for both parties to sign and date the form
1. Forwarding Address: Section for tenant's new address for future correspondence, used when tenant is relocating
2. Outstanding Repairs: List of repairs needed before handover, used when property damage needs to be addressed
3. Utility Transfer: Instructions for transferring or terminating utilities, used for properties where utilities are in tenant's name
4. Key Return: Details about returning keys and access devices, used when multiple sets of keys or access cards are involved
5. Third Party Notifications: List of parties to be notified of termination, used when building management or insurance companies need to be informed
1. Property Condition Report: Detailed assessment of property condition at termination
2. Financial Settlement Statement: Breakdown of all financial calculations including deposit deductions if any
3. Utility Readings: Final meter readings for electricity, water, and gas if applicable
4. Handover Checklist: Itemized list of tasks to be completed before final handover
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