The Termination Of Room Rental Agreement is a crucial document used in New Zealand's residential tenancy sector when either party wishes to end a room rental arrangement. It must comply with the Residential Tenancies Act 1986 and related New Zealand housing legislation. This document is particularly important in situations involving shared living arrangements, student accommodation, or single-room rentals within larger properties. It serves multiple purposes: documenting the agreed termination date, specifying the conditions for vacancy, outlining the final inspection process, and detailing financial settlements including bond refund procedures. The agreement protects both landlords and tenants by clearly defining their rights and responsibilities during the termination process, helping prevent potential disputes and ensuring a smooth transition.
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1. Parties: Identification of the landlord/property owner and the tenant, including full legal names and contact details
2. Background: Brief overview of the existing rental agreement, including its start date, property address, and relevant terms
3. Definitions: Key terms used in the termination agreement, ensuring clarity and preventing misinterpretation
4. Termination Details: Specific date of termination, notice period compliance, and reason for termination if applicable
5. Final Inspection: Requirements and arrangements for the final property inspection
6. Financial Settlement: Details regarding final rent payment, bond refund process, and any outstanding utilities or charges
7. Keys and Access: Arrangements for returning keys and final access to the property
8. Tenant Obligations: Requirements for cleaning, repairs, and property condition upon vacancy
9. Execution: Signature blocks and date of agreement
1. Mutual Agreement Clause: Used when termination is by mutual consent rather than unilateral notice
2. Early Termination Provisions: Required when the termination occurs before the end of a fixed-term tenancy
3. Dispute Resolution: Include when there are ongoing disputes or potential areas of disagreement
4. Abandonment Clause: Used in cases where the tenant has abandoned the property
5. Personal Property: Include when addressing abandoned personal property or arrangements for removing large items
6. Forwarding Address: Section for tenant's forwarding address for future correspondence and bond return
1. Schedule 1: Property Inspection Report: Detailed checklist and report of the property's condition at termination
2. Schedule 2: Financial Statement: Breakdown of final payments, including rent, utilities, and bond calculations
3. Schedule 3: Photographic Evidence: Dated photographs of the property's condition at termination
4. Appendix A: Original Rental Agreement: Copy of the original rental agreement being terminated
5. Appendix B: Damage Report: If applicable, detailed report of any damage beyond normal wear and tear
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