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1. Parties: Identification of the Landlord and Tenant with complete details including names, addresses, and contact information
2. Background: Reference to the original lease agreement including its date, term, and property details
3. Definitions: Definitions of key terms used in the agreement including 'Termination Date', 'Security Deposit', 'Property', etc.
4. Early Termination Agreement: Clear statement of mutual agreement to terminate the lease before its original end date
5. Termination Date: Specific date when the lease will terminate and tenant will vacate the property
6. Final Settlement: Details of all financial settlements including rent, security deposit, and any other payments
7. Handover Procedure: Process and requirements for returning the property to the landlord
8. Mutual Release: Release of both parties from future obligations under the original lease
9. Governing Law: Specification that the agreement is governed by Indian law and relevant state regulations
10. Execution: Signature blocks and execution details for all parties
1. Repairs and Maintenance: Used when specific repairs or maintenance issues need to be addressed before handover
2. Utility Bills Settlement: Include when there are pending utility bills or transfer requirements
3. Forwarding Address: When tenant needs to provide a forwarding address for future correspondence
4. Key Return: When specific key return procedures need to be documented
5. Third Party Notifications: When certain third parties (like housing society) need to be notified of the termination
6. Property Marketing: When arrangements for showing the property to new tenants need to be included
1. Schedule A - Property Condition Report: Detailed description of the property's current condition and any damage
2. Schedule B - Settlement Calculation: Detailed calculation of final settlement including rent, deposits, and deductions
3. Schedule C - Inventory List: List of fixtures and fittings provided with the property
4. Schedule D - Utility Readings: Final readings of electricity, water, and gas meters
5. Schedule E - Handover Checklist: Checklist of items to be completed before property handover
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Administration
Risk Management
Compliance
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