The Residential Lease Termination Agreement is essential when parties wish to formally end their tenancy arrangement in Singapore. This document is particularly relevant when either the landlord or tenant seeks to terminate the lease before its original end date, or when both parties mutually agree to end the tenancy. It addresses critical aspects such as security deposit refund, property condition requirements, outstanding payments, and utility terminations, while ensuring compliance with Singapore's property laws and regulations. The agreement provides legal protection for both parties and clearly documents the terms of separation.
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Key Requirements PROMPT example:
Residential Lease Termination Agreement
"I need a Residential Lease Termination Agreement for my HDB flat in Singapore, where the tenant has requested early termination due to overseas relocation, with the termination date set for March 15, 2025."
1. Parties: Identification of landlord and tenant with full details
2. Background: Reference to original lease and reason for termination
3. Definitions: Key terms used in the agreement
4. Termination Date: Specific date when lease will terminate
5. Security Deposit: Terms of security deposit return
6. Handover Conditions: Requirements for property condition upon return
7. Mutual Release: Release of obligations between parties
1. Outstanding Payments: Section detailing any remaining payments when there are pending rental or utility payments
2. Early Termination Fee: Section specifying penalties when termination occurs before original end date
3. Renovation Restoration: Section outlining requirements for restoring any modifications when tenant has made alterations to property
1. Property Inventory List: Detailed list of furniture and fittings
2. Handover Inspection Checklist: Condition assessment form for property return
3. Outstanding Payment Schedule: List of any pending payments or adjustments
4. Original Lease Agreement: Copy of the original lease being terminated
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