The Lease Early Termination Letter is a crucial document used when circumstances require a tenant to end their lease agreement prematurely in Singapore. This document is essential for both residential and commercial properties and must align with Singapore's legal requirements. It should clearly state the intention to terminate, proposed termination date, and reason for early termination. The letter typically addresses practical matters such as security deposit return, final utility payments, and property handover procedures. It serves as a formal record of the termination request and helps protect both parties' interests during the early termination process.
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Key Requirements PROMPT example:
Lease Early Termination Letter
"I need a Lease Early Termination Letter for my retail shop space in Singapore, as I'm closing my business and need to end my 3-year lease by March 2025, with provisions for the return of my $10,000 security deposit."
1. Letter Date and Address Details: Current date and full address details of both landlord and tenant
2. Lease Reference: Details of the original lease agreement including date and property address
3. Termination Notice: Clear statement of intention to terminate the lease early with reference to relevant clause in original lease
4. Proposed Termination Date: Specific date when the lease will end and keys will be returned
5. Reason for Termination: Brief explanation of the circumstances necessitating early termination
1. Security Deposit Settlement: Details regarding the return of security deposit, deductions if any, and timeline for return
2. Property Inspection Arrangements: Proposed dates and process for final property inspection before handover
3. Outstanding Payments: Details of any remaining rent, utility payments or other charges to be settled
4. Handover Process: Specific arrangements for key return and property handover
1. Schedule 1 - Original Lease Agreement: Copy of the original signed lease agreement referenced in the termination letter
2. Schedule 2 - Property Condition Report: Current condition assessment of the property and list of any damages or repairs needed
3. Schedule 3 - Utility Account Details: List of utility accounts to be closed and final meter readings
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