The Dissolution Of Rental Agreement is essential when parties wish to formally terminate their rental arrangement before the originally agreed end date. Used in England and Wales, this document provides legal certainty by clearly stating the termination date, handling of deposits, final payments, and property inspection arrangements. It ensures compliance with the Housing Act 1988, Tenant Fees Act 2019, and other relevant legislation. The agreement protects both landlord and tenant by providing a clear record of their mutual agreement to end the tenancy and releasing both parties from future obligations.
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1. Parties: Details of landlord and tenant(s)
2. Background: Reference to original tenancy agreement and reason for dissolution
3. Definitions: Key terms used in the agreement
4. Termination Date: Specific date when tenancy will end
5. Settlement of Accounts: Agreement on final rent, utilities, and deposit
6. Release of Obligations: Mutual release from tenancy obligations
7. Execution: Signature blocks and date
1. Property Inspection: Details of final inspection arrangements and when/how it will be conducted
2. Outstanding Repairs: Agreement on handling any pending repairs and maintenance issues
3. Early Termination Fee: Provisions for any agreed compensation for early termination of the tenancy
1. Schedule 1: Property Inventory: Final inventory check list and condition assessment
2. Schedule 2: Outstanding Payments: Detailed breakdown of any final payments including rent, utilities, and other charges
3. Appendix A: Original Tenancy Agreement: Copy of original agreement being dissolved
4. Appendix B: Property Inspection Report: Final condition report documenting the state of the property
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