The Termination Of Residential Tenancy Agreement is a crucial document used in Malta when parties wish to formally end a residential lease arrangement. It must comply with the Private Residential Leases Act 2020 and related Maltese legislation, ensuring all legal requirements for lease termination are met. This document is typically used when both parties mutually agree to end the lease, or when one party exercises their right to terminate according to the original lease terms. It includes essential information such as property details, termination date, handover arrangements, utility settlements, and security deposit return terms. The agreement must be registered with the Housing Authority as required by Maltese law, and it serves as official documentation of the lease termination for both legal and administrative purposes.
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1. Parties: Identification of the Landlord and Tenant, including full names, ID numbers, and addresses
2. Background: Details of the original lease agreement, including date of commencement, property address, and registration number with Housing Authority
3. Definitions: Key terms used in the agreement including 'Property', 'Termination Date', 'Original Lease', etc.
4. Termination: Formal declaration of lease termination, specifying the exact termination date and confirmation that both parties agree
5. Return of Property: Terms for returning the property, including condition requirements and inspection arrangements
6. Security Deposit: Arrangements for the return or withholding of the security deposit, including timeline and conditions
7. Outstanding Payments: Settlement of any remaining rent, utilities, or other charges
8. Keys and Access: Arrangements for returning keys and final access to the property
9. Mutual Release: Statement releasing both parties from future obligations under the lease, subject to terms of the termination agreement
1. Early Termination Fee: Include when the termination occurs before the end of the agreed lease term and fees apply
2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or deposit return
3. Repairs and Damages: Include when specific repairs or damage remediation needs to be addressed before termination
4. Utilities Transfer: Include when there are specific arrangements needed for transferring or terminating utility accounts
5. Storage of Abandoned Property: Include when addressing potential abandoned property and the process for handling it
6. Housing Authority Notification: Include specific provisions about notifying the Housing Authority if required by circumstances
1. Schedule 1 - Property Condition Report: Detailed report on the condition of the property at termination, compared to initial condition
2. Schedule 2 - Inventory List: List of furniture and items included in the original lease and their current condition
3. Schedule 3 - Outstanding Payments Schedule: Detailed breakdown of any outstanding payments, including rent, utilities, or damages
4. Appendix A - Photographic Evidence: Photos documenting the property's condition at termination
5. Appendix B - Utility Readings: Final readings for electricity, water, gas, and other relevant utilities
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