The Release of Lease Agreement is essential when parties wish to formally terminate their existing lease arrangement before its natural conclusion or document the end of a lease term with specific conditions. This document, governed by Danish law, provides legal protection for both landlords and tenants by clearly documenting the terms of the lease termination, including critical aspects such as the final settlement of accounts, property condition requirements, and mutual releases from future obligations. The agreement should be used when both parties mutually agree to end their lease relationship and want to ensure all termination conditions are properly documented. It typically includes details about security deposit returns, final utility payments, property inspection requirements, and any specific conditions that must be met before the release becomes effective. The Release of Lease Agreement must comply with the Danish Lease Act (Lejeloven) and other relevant Danish property laws, making it a crucial document for properly documenting the termination of both residential and commercial lease arrangements in Denmark.
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Key Requirements PROMPT example:
Release Of Lease Agreement
I need a Release of Lease Agreement for my commercial property at Vestergade 12, Copenhagen, where the tenant has requested early termination effective March 1, 2025, with a negotiated early termination fee of 50,000 DKK and specific conditions for removing installed business equipment.
1. Parties: Identification of the Landlord and Tenant, including their full legal names, addresses, and any registration numbers
2. Background: Brief description of the existing lease agreement, including its date, property address, and the parties' desire to terminate the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specification of the exact date when the lease will terminate and the tenant will vacate the property
5. Return of Property: Terms regarding the condition in which the property must be returned and the inspection process
6. Financial Settlement: Details of final rent payment, utilities settlement, and return of security deposit
7. Mutual Release: Mutual release of future claims and obligations related to the lease
8. Governing Law: Confirmation that the agreement is governed by Danish law
1. Outstanding Repairs: Used when there are specific repairs or maintenance issues that need to be addressed before termination
2. Early Termination Fee: Included when the release involves termination before the original lease end date and requires compensation
3. Keys and Access Devices: Used when there are specific requirements for returning keys, access cards, or other property access devices
4. Forwarding Address: Include when specifying requirements for the tenant to provide a forwarding address for future correspondence or deposit return
5. Surviving Obligations: Used when certain obligations from the original lease need to survive the termination
1. Schedule 1 - Property Inspection Report: Detailed report on the condition of the property at the time of termination
2. Schedule 2 - Financial Statement: Breakdown of all financial settlements, including rent, utilities, and deposit calculations
3. Schedule 3 - Original Lease Agreement: Copy of the original lease agreement being terminated
4. Schedule 4 - Handover Protocol: Checklist for the physical handover of the property, including meter readings and key returns
5. Appendix A - Photographic Evidence: Photos documenting the property's condition at termination
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Relevant Industries
Real Estate
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Residential Housing
Commercial Property
Retail
Office Space
Industrial
Hospitality
Legal Services
Facility Management
Relevant Teams
Legal
Real Estate
Property Management
Operations
Facilities
Asset Management
Contract Administration
Tenant Relations
Property Administration
Compliance
Relevant Roles
Property Manager
Real Estate Manager
Legal Counsel
Leasing Manager
Facilities Manager
Property Administrator
Asset Manager
Real Estate Attorney
Tenant Relations Manager
Operations Manager
Contract Administrator
Housing Manager
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