Document background
The Termination Of Residential Lease Agreement is a crucial document used when both parties agree to end a residential tenancy arrangement in Indonesia. It's typically employed when either the landlord and tenant mutually agree to end the lease before its intended expiration, or when the lease reaches its natural conclusion. The document must comply with Indonesian Civil Code (KUHPerdata) requirements and local housing regulations. It includes essential details such as the termination date, final settlement terms, property inspection requirements, and the process for security deposit return. This agreement protects both parties' interests by clearly documenting the termination terms and ensuring all obligations are properly fulfilled and recorded. It's particularly important in Indonesia's property market where formal documentation of lease terminations helps prevent future disputes and ensures legal compliance.
