How to Tailor the Document for Your Need?
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Document Description
In relation to a lease / tenancy / rental, this is an Early Termination Mutual Agreement in which both the Landlord and the Tenant agree to terminate the tenancy early.
The signing of the document represents that the Landlord and the Tenant have agreed to the new termination date, and the Tenant will deliver vacant possession of the Premises and pay for any outstanding rent as well as water, electricity, and other utilities until the Termination Date.
In addition, if the Premises is not in the same repair and condition as when it was first leased (fair wear and tear and damage caused by inherent defect excepted), both parties shall agree to an amount to bring the Premises back to the original conditions.
How to use the Document?
This document can be used as a template for an Early Termination Mutual Agreement in which both the Landlord and the Tenant agree to terminate the tenancy early. Resolves the issue of payment prior to termination.
This document should be read carefully by the Landlord and the Tenant.
You may customise the document by including details of details such as the address of the property under tenancy, the name of the Tenant, the Termination Date in which the property will be handed back to the Landlord, and the details of the event stipulating the early termination.
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