The Rental Contract Termination Template is designed for use in Singapore when either party wishes to end a rental agreement. It ensures compliance with local property laws and regulations, including the Landlord and Tenant Act. This document outlines the termination date, security deposit arrangements, property handover procedures, and settlement of any outstanding matters. It's particularly useful for both residential and commercial properties, providing clear documentation of the agreed termination terms and protecting both parties' interests.
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1. Parties: Details of landlord and tenant, including names, addresses and other contact information
2. Background: Reference to original tenancy agreement, its date, and reason for termination
3. Definitions: Key terms used in the termination notice including Property, Agreement, Termination Date
4. Termination Date: Specific date when tenancy will end and handover procedures
5. Security Deposit: Arrangements for inspection and return of security deposit
1. Early Termination Fee: Details of any penalties or fees for early termination of the lease
2. Outstanding Payments: Provisions regarding settlement of any unpaid rent, utilities, or other charges
3. Property Damage: Provisions regarding repair of damage beyond normal wear and tear
4. Force Majeure: Special provisions related to termination due to unexpected circumstances
1. Schedule 1 - Property Inventory List: Detailed checklist of items in the property and their condition at termination
2. Schedule 2 - Utility Account Details: List of utility accounts and procedures for their transfer or termination
3. Schedule 3 - Property Inspection Report: Detailed report of property condition including photographs
4. Schedule 4 - Outstanding Payment Details: Itemized list of any outstanding payments or credits
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