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1. Parties: Identification of the Landlord and Tenant with their full legal names and addresses
2. Background: Reference to the original lease agreement, including its date, property address, and current term
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Original Lease', 'Property', and 'Security Deposit'
4. Termination Agreement: Mutual agreement to terminate the lease and the effective termination date
5. Security Deposit Settlement: Terms for the return of the security deposit, including deductions if any
6. Final Payments: Settlement of outstanding rent, utilities, and other charges up to the termination date
7. Property Condition and Inspection: Requirements for the condition of the property upon surrender and inspection arrangements
8. Handover Arrangements: Process for returning keys and vacating the property
9. Release of Obligations: Mutual release of future obligations under the original lease
10. Governing Law: Confirmation that the agreement is governed by Hong Kong law
11. Execution: Signature blocks for all parties
1. Outstanding Repairs: Include when there are specific repair obligations to be addressed before termination
2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or deposit return
3. Early Termination Fee: Include when there is a penalty or fee for early termination of the original lease
4. Personal Property: Include when there are specific arrangements needed for removal of tenant's belongings
5. Surviving Obligations: Include when certain obligations from the original lease need to survive the termination
6. Confidentiality: Include when parties wish to keep the terms of the cancellation confidential
1. Schedule 1 - Property Inventory: Detailed list of property condition and inventory at the time of termination
2. Schedule 2 - Payment Settlement: Breakdown of final payments, including rent, utilities, and any deductions from deposit
3. Schedule 3 - Handover Checklist: List of items to be checked during the final inspection and handover
4. Appendix A - Original Lease: Copy of the original lease agreement being terminated
5. Appendix B - Property Photographs: Documentation of property condition at termination
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