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Agreement To Terminate Lease Early Form for New Zealand

Agreement To Terminate Lease Early Form Template for New Zealand

A legally binding document used in New Zealand to formalize the mutual agreement between a landlord and tenant to end a lease agreement before its original termination date. This document, governed by New Zealand law including the Residential Tenancies Act 1986, outlines the terms and conditions of the early termination, including the agreed termination date, financial settlements, property condition requirements, and mutual release of future obligations. It provides protection for both parties by clearly documenting the agreed terms of the early termination and ensuring compliance with New Zealand tenancy laws.

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Agreement To Terminate Lease Early Form

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What is a Agreement To Terminate Lease Early Form?

The Agreement To Terminate Lease Early Form is a crucial document in New Zealand's property management landscape, designed to facilitate the early termination of lease agreements by mutual consent. This document becomes necessary when circumstances require either the tenant or landlord to end the lease before its scheduled completion, such as job relocations, property sales, or other significant changes in circumstances. The agreement, governed by New Zealand legislation including the Residential Tenancies Act 1986 and Property Law Act 2007, ensures both parties' interests are protected while providing a clear framework for the early termination process. It includes essential details such as the termination date, financial settlements, property condition requirements, and the process for bond refunds, making it a comprehensive tool for managing early lease terminations in accordance with New Zealand law.

What sections should be included in a Agreement To Terminate Lease Early Form?

1. Parties: Identifies the landlord/property manager and tenant(s) with their full legal names and contact details

2. Background: Outlines the existing lease agreement details, including original term, current rent, and property address

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Early Termination Agreement: States the mutual agreement to terminate the lease early and specifies the termination date

5. Financial Settlement: Details the agreed financial terms, including rent payments up to termination, bond refund process, and any early termination fees

6. Property Condition and Inspection: Outlines requirements for property condition upon vacancy and final inspection arrangements

7. Keys and Access: Specifies when and how keys must be returned and arrangements for final access

8. Mutual Release: States that both parties release each other from future obligations under the original lease

9. Governing Law: Confirms the agreement is governed by New Zealand law

10. Execution: Provides space for signing and dating by all parties

What sections are optional to include in a Agreement To Terminate Lease Early Form?

1. Outstanding Repairs: To be included if there are any pending maintenance or repair issues that need to be addressed before termination

2. Furnished Property Inventory: Required if the property is furnished and there needs to be an agreement about the condition and return of furnishings

3. Utilities and Services: Include if there are specific arrangements needed for the disconnection or transfer of utilities

4. Breaking Fixed-Term Lease Costs: Include if the termination occurs during a fixed-term lease and there are specific costs associated

5. Forwarding Address: Optional section for tenant to provide forwarding address for future correspondence and bond return

What schedules should be included in a Agreement To Terminate Lease Early Form?

1. Schedule 1 - Property Inspection Report: Template or actual property inspection report to document the condition at termination

2. Schedule 2 - Financial Settlement Calculation: Detailed breakdown of all financial settlements, including rent, bond, and any adjustments

3. Schedule 3 - Inventory Checklist: For furnished properties, a detailed list of furnishings and their condition

4. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated

5. Appendix B - Photographic Evidence: Photos documenting the property condition at termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Document Type

Cancellation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Student Accommodation

Property Investment

Legal Services

Property Development

Relevant Teams

Legal

Property Management

Operations

Leasing

Compliance

Administration

Asset Management

Customer Service

Risk Management

Facilities

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Property Management Coordinator

Tenancy Compliance Officer

Legal Counsel

Housing Officer

Facility Manager

Asset Manager

Property Administrator

Residential Leasing Consultant

Operations Manager

Contract Administrator

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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