The Early Lease Termination Agreement is essential when circumstances require ending a lease before its natural conclusion. Common scenarios include job relocations, military deployment, or mutual agreement between parties. This document, governed by U.S. federal and state landlord-tenant laws, provides a structured framework for early lease termination, detailing financial settlements, property condition requirements, and release of obligations. It helps prevent future disputes by clearly documenting the terms agreed upon by both parties and ensuring compliance with applicable housing regulations.
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1. Parties: Identification of landlord and tenant, including full legal names and addresses
2. Background: Reference to original lease agreement, its date, and circumstances leading to early termination
3. Definitions: Key terms used throughout the agreement including 'Termination Date', 'Property', 'Original Lease'
4. Termination Date: Specific date when lease will terminate and tenant must vacate the property
5. Financial Settlement: Terms of final payments, early termination fees, and security deposit return process
6. Mutual Release: Release of future obligations by both parties after termination date
7. Signatures: Execution blocks for all parties, including date and witness provisions if required
1. Property Inspection: Terms for final inspection process and documentation of property condition
2. Abandonment Clause: Provisions dealing with property left behind by tenant after move-out
3. Utilities Transfer: Process and requirements for transferring or terminating utility services
4. Military Clause: Special provisions for termination due to military service under SCRA
5. Forwarding Address: Requirement for tenant to provide forwarding address for security deposit return
1. Schedule A - Property Inspection Report: Detailed condition report of the property at time of early termination
2. Schedule B - Payment Schedule: Breakdown of final payments, credits, and security deposit deductions
3. Schedule C - Move-out Checklist: Comprehensive list of tenant responsibilities before vacating the property
4. Schedule D - Key Return Form: Documentation of all keys, access cards, and remote controls returned
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