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1. Parties: Identification of the Landlord and Tenant, including full legal names, addresses, and company registration numbers if applicable
2. Background: Reference to the original lease agreement, its date, and key terms, explanation of the circumstances leading to early termination
3. Definitions: Definitions of key terms used throughout the agreement, including 'Termination Date', 'Original Lease', 'Premises', etc.
4. Agreement to Terminate: Clear statement of mutual agreement to terminate the lease early and the effective termination date
5. Termination Terms: Key conditions of the early termination, including surrender of premises and cessation of obligations
6. Financial Settlement: Details of any compensation, rent adjustments, security deposit return, and settlement of outstanding amounts
7. Handover Requirements: Specific conditions for returning the premises, including state of repair, removal of fixtures, and cleaning requirements
8. Release and Waiver: Mutual release from future obligations and claims under the original lease
9. Governing Law: Confirmation that the agreement is governed by Hong Kong law
10. Execution: Signature blocks and execution requirements for all parties
1. Confidentiality: Terms regarding confidentiality of the termination agreement and its terms, used when parties wish to keep the arrangement private
2. Third Party Consents: Required when there are guarantors, mortgagees, or other third parties whose consent is needed for early termination
3. Reinstatement Works: Detailed requirements for premises restoration, used when significant modifications were made during the tenancy
4. Surviving Provisions: List of provisions from the original lease that will survive termination, used when certain obligations need to continue
5. Assignment/Subletting: Provisions dealing with any existing subtenants or assignees, needed if the premises are currently sublet
6. Dispute Resolution: Specific procedures for resolving disputes, included when parties want to specify alternative dispute resolution methods
1. Schedule 1 - Original Lease Details: Copy or summary of key terms from the original lease agreement
2. Schedule 2 - Handover Inspection Checklist: Detailed checklist for premises inspection and condition assessment at surrender
3. Schedule 3 - Financial Settlement Statement: Breakdown of all financial calculations, including pro-rata rent, deposit returns, and any compensation
4. Schedule 4 - Reinstatement Requirements: Specific requirements for returning the premises to its original condition
5. Appendix A - Photographic Evidence: Photos documenting the current condition of the premises
6. Appendix B - Required Forms: Relevant statutory forms required by Hong Kong authorities for termination of commercial lease
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Technology
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Healthcare
Education
Hospitality
Logistics
Entertainment
Legal
Real Estate
Operations
Finance
Facilities Management
Risk & Compliance
Property Management
Corporate Services
Administration
Business Development
Property Manager
Facilities Manager
Real Estate Director
Chief Financial Officer
Legal Counsel
Operations Manager
Business Development Manager
Procurement Manager
Asset Manager
Commercial Director
Leasing Manager
Company Secretary
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