Early Termination in relation to Tenancy / Lease

Mutual Agreement

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Description:

In relation to a lease / tenancy /rental, both the Landlord and the Tenant agree to terminate the Tenancy early, which is documented in an agreement.

The Landlord and the Tenant have agreed to a new termination date. TThe 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. These amounts shall be deducted directly from the security deposit. If the security deposit is insufficient to cover such amounts, the Tenant shall pay any excess to the Landlord. Otherwise, the Landlord shall refund the remainder of the security deposit within 5 days of the Termination Date.

Document Type:

Agreements / contracts

Category:

Personal > Property > Termination and Renewal of Lease / Tenancy

 
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