The Termination Of Rental Agreement is a crucial document used in Indian real estate transactions to formally end a rental arrangement between parties. It is essential for ensuring legal compliance with the Transfer of Property Act 1882, state-specific Rent Control Acts, and the Model Tenancy Act 2021 where applicable. This document should be used when either party wishes to end the rental agreement, whether at the end of the lease term or through an early termination provision. It must include specific details such as the notice period (typically 30 days or as specified in the original agreement), property handover procedures, security deposit settlement, and any outstanding obligations. The document serves as legal proof of proper termination and helps prevent future disputes by clearly documenting the terms of separation between landlord and tenant.
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1. Date and Place: Current date and location where the notice is being issued
2. Parties' Details: Full names and addresses of both landlord and tenant
3. Property Details: Complete address and description of the rented property
4. Reference to Original Agreement: Details of the original rental agreement including date of execution and registration number if applicable
5. Notice of Termination: Clear statement of intention to terminate the rental agreement
6. Effective Date: Specified date when the termination will take effect, ensuring compliance with notice period requirements
7. Reason for Termination: Brief explanation of the reason for termination if applicable
8. Handover Details: Specified date and process for property handover and key return
9. Security Deposit: Reference to security deposit return process and timeline
10. Signature Block: Space for signatures of both parties with dates
1. Outstanding Dues: Include when there are pending rent payments or utility bills to be settled
2. Property Inspection: Include when specific arrangements for final property inspection need to be documented
3. Forwarding Address: Include when tenant needs to provide a new address for future correspondence
4. Maintenance Issues: Include when there are specific maintenance or repair issues that need to be addressed before termination
5. Mutual Release: Include when both parties agree to release each other from future claims or obligations
1. Property Inventory List: Detailed list of furniture, fixtures, and fittings provided by landlord, if any
2. Utility Bills Statement: Statement of pending utility bills and their settlement process
3. Damage Assessment Report: If applicable, documentation of any damage to the property beyond normal wear and tear
4. Payment Settlement Statement: Detailed breakdown of any financial settlements including security deposit deductions if applicable
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