The Tenant Early Termination Of Lease Agreement is a crucial document used in Malta when a tenant needs to end their lease before the originally agreed termination date. This document is essential for compliance with Malta's Private Residential Leases Act 2020 and Civil Code requirements, ensuring both landlord and tenant rights are protected during the early termination process. It becomes necessary when circumstances such as job relocation, personal matters, or mutual agreement lead to early lease termination. The agreement covers critical aspects including notice periods, financial settlements, property condition assessments, and the return of security deposits. It must be properly executed to be legally valid under Maltese law and should be registered with the Housing Authority where required. The document helps prevent future disputes by clearly documenting the agreed terms of the early termination.
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1. Parties: Identification of the Landlord and Tenant with full legal names and addresses
2. Background: Reference to the original lease agreement, its date, and property details
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Original Lease', etc.
4. Early Termination Agreement: The mutual agreement to terminate the lease early and the specific termination date
5. Notice Period: Confirmation of the notice period being given, in compliance with Maltese law
6. Financial Settlement: Details of any rent payments, deposit returns, and outstanding utilities
7. Property Inspection: Arrangements for final inspection and condition assessment
8. Keys and Access: Arrangements 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 Maltese law
1. Deposit Deductions: Used when there are specific agreements about deductions from the security deposit
2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence
3. Maintenance Works: Required when specific repair or maintenance works need to be completed before vacation
4. Utilities Transfer: Include when there are specific arrangements for transferring or terminating utility accounts
5. Personal Property: Used when addressing the removal of tenant's personal property or abandoned items
6. Reference Agreement: Include when the parties agree on providing tenancy references
7. Third-Party Rights: Required when there are guarantors or other third parties involved in the original lease
1. Schedule 1 - Property Inventory: Current inventory and condition report of the property
2. Schedule 2 - Financial Statement: Detailed breakdown of all financial settlements including rent, deposits, and any deductions
3. Schedule 3 - Utility Readings: Final meter readings for utilities and payment arrangements
4. Appendix A - Original Lease: Copy of the original lease agreement for reference
5. Appendix B - Property Photographs: Current dated photographs of the property condition
6. Appendix C - Handover Checklist: Checklist of items to be completed before property handover
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