The Early Termination of Rental Agreement is a crucial document used in Canadian rental markets when circumstances require the premature end of a lease agreement. It's designed to protect both landlord and tenant interests while ensuring compliance with federal and provincial regulations. This document becomes necessary in various situations, including job relocations, family emergencies, or mutual agreement to end the tenancy early. It covers essential elements such as the agreed termination date, financial settlements, property condition requirements, and release of future obligations. The agreement must align with provincial residential tenancy laws, which can vary across Canadian jurisdictions, particularly regarding notice periods and tenant rights. It's commonly used in both residential and commercial contexts, requiring careful attention to jurisdiction-specific requirements and potential implications for security deposits, utility payments, and property maintenance obligations.
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1. Parties: Identification of the Landlord and Tenant, including full legal names and current contact information
2. Background: Reference to the original lease agreement, including its date and key terms, and brief statement of the intention to terminate early
3. Definitions: Definition of key terms used in the agreement, including 'Termination Date', 'Premises', 'Original Lease', etc.
4. Termination Date: Clear specification of the exact date when the tenancy will end
5. Acknowledgment of Notice: Confirmation that proper notice has been given according to applicable laws and the original lease terms
6. Return of Premises: Conditions for returning the premises, including cleaning requirements and property removal obligations
7. Security Deposit: Terms for the return of the security deposit, including timeline and conditions
8. Outstanding Payments: Settlement of any remaining rent, utilities, or other charges
9. Release of Obligations: Mutual release of future obligations under the original lease
10. Governing Law: Specification that the agreement is governed by Canadian law and applicable provincial legislation
11. Signatures: Execution section with date and signature blocks for all parties
1. Early Termination Fee: Include when there is a negotiated penalty or fee for early termination
2. Domestic Violence Clause: Include when termination is due to domestic violence, referencing relevant provincial provisions
3. Subletting/Assignment Rights: Include when the tenant wishes to propose a replacement tenant
4. Property Damage: Include when there are specific agreements about repair of damage beyond normal wear and tear
5. Reference Letter: Include when the landlord agrees to provide a reference letter for the tenant
6. Mail Forwarding: Include when there are specific arrangements for forwarding mail after move-out
7. Insurance: Include when there are specific requirements about maintaining or terminating insurance coverage
8. Covid-19 Provisions: Include when termination is related to pandemic circumstances or special health measures
1. Schedule A - Property Inspection Report: Detailed move-out inspection checklist and current condition of the premises
2. Schedule B - Outstanding Payments Calculation: Detailed breakdown of any remaining financial obligations
3. Schedule C - Security Deposit Deductions: Itemized list of any deductions from the security deposit
4. Schedule D - Photographic Evidence: Photos documenting the condition of the property at termination
5. Schedule E - Proof of Circumstance: Supporting documentation for the reason of early termination (if applicable)
6. Schedule F - Forwarding Address Declaration: Official record of tenant's new address for future correspondence and deposit return
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Legal Services
Property Development
Student Housing
Senior Housing
Retail
Office Space
Relevant Teams
Legal
Property Management
Tenant Relations
Facilities Operations
Compliance
Real Estate Operations
Asset Management
Residential Services
Contract Administration
Risk Management
Relevant Roles
Property Manager
Leasing Agent
Real Estate Attorney
Tenant Relations Manager
Housing Coordinator
Legal Counsel
Property Administrator
Facilities Manager
Real Estate Manager
Compliance Officer
Housing Officer
Residential Services Coordinator
Asset Manager
Building Superintendent
Property Operations Manager
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