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Termination Of Lease Agreement
"I need a Termination of Lease Agreement for my commercial property in Vienna, with an early termination date of March 1, 2025, including specific provisions for transferring utility contracts and handling the tenant's installed fixtures."
1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any registration numbers for legal entities
2. Background: Reference to the original lease agreement, including its date, property address, and any relevant amendments
3. Definitions: Key terms used in the agreement, including 'Termination Date', 'Property', 'Original Lease Agreement', etc.
4. Termination: Clear statement of the termination, specifying the effective date and statutory notice period compliance
5. Handover Arrangements: Details of when and how the property will be returned, including key handover process and inspection arrangements
6. Final Payments: Settlement of any outstanding rent, utilities, or other charges up to the termination date
7. Security Deposit Return: Process and timeline for the return of the security deposit, subject to property inspection
8. Confirmation and Release: Mutual confirmation that all obligations have been met and release from future claims
9. Governing Law: Confirmation that the agreement is governed by Austrian law
10. Signatures: Execution section for all parties
1. Damages and Repairs: To be included if there are specific damages to be addressed or repairs to be completed before handover
2. Forwarding Address: Include when the tenant needs to provide a new address for future correspondence or deposit return
3. Early Termination Provisions: Required if the termination occurs before the original lease end date, including any associated penalties or compensation
4. Utilities Transfer: Include if there are specific requirements for transferring or terminating utility contracts
5. Storage of Remaining Items: Include if there needs to be provisions for handling any tenant possessions left behind
6. Final Meter Readings: Include when specific arrangements for final utility readings need to be documented
1. Schedule 1 - Property Inspection Report: Detailed report of the property's condition at the time of termination agreement
2. Schedule 2 - Outstanding Payments Schedule: List of any pending payments or adjustments to be made
3. Schedule 3 - Handover Checklist: Itemized list of tasks to be completed before property handover
4. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference
5. Appendix B - Photographic Evidence: Current photographs of the property condition
6. Appendix C - Utility Account Details: List of utility accounts and their status
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Warehousing
Manufacturing
Professional Services
Legal
Real Estate
Operations
Facilities Management
Asset Management
Property Administration
Tenant Relations
Compliance
Contract Administration
Property Management
Property Manager
Real Estate Agent
Leasing Manager
Facility Manager
Legal Counsel
Property Administrator
Asset Manager
Operations Manager
Tenant Relations Manager
Contract Administrator
Real Estate Director
Housing Officer
Property Portfolio Manager
Compliance Officer
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