The Early Lease Termination Addendum is essential when parties need to legally end a lease before its scheduled expiration date in Singapore. This document is commonly used during unexpected circumstances such as job relocations, financial hardships, or mutual agreement to end the tenancy early. It ensures compliance with Singapore's property laws, including the Conveyancing and Law of Property Act and relevant HDB regulations where applicable. The addendum typically includes termination dates, financial settlements, property handover requirements, and mutual releases from future obligations.
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Key Requirements PROMPT example:
Early Lease Termination Addendum
"I need an Early Lease Termination Addendum for my HDB flat in Singapore, where my tenant has requested to end their 2-year lease after 8 months due to overseas job relocation, with the termination to be effective March 15, 2025."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement and circumstances leading to early termination
3. Definitions: Key terms used in the addendum including reference to original lease definitions
4. Termination Date: Specific date when the lease will terminate and related notice provisions
5. Settlement Terms: Financial settlements including security deposit handling and outstanding payments
6. Mutual Release: Release of obligations post-termination and mutual agreement to terms
1. Handover Procedures: Specific requirements for property handover, including timing and condition requirements
2. Reinstatement Requirements: Property restoration conditions and specifications for returning the property to its original state
3. Outstanding Utilities: Provisions for handling utility accounts, final meter readings, and outstanding bills
1. Schedule A - Property Condition Report: Detailed documentation of current property condition and any damage assessment
2. Schedule B - Settlement Calculation: Detailed breakdown of all financial settlements, including deposit refund calculations
3. Schedule C - Handover Checklist: Comprehensive list of items to be checked and completed during property handover
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