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Agreement To End Lease Early
"I need an Agreement to End Lease Early for my residential property in Ontario, Canada, where my tenant has agreed to terminate the lease on March 1, 2025, due to job relocation, and we need to document the security deposit return and final utility payments."
1. Parties: Identifies the landlord and tenant(s) who are parties to the agreement
2. Background: References the original lease agreement and states the parties' intention to terminate it early
3. Definitions: Defines key terms used throughout the agreement
4. Termination Date: Specifies the exact date when the lease will terminate
5. Mutual Agreement: Confirms both parties' voluntary agreement to end the lease early
6. Final Payments: Details any remaining rent, utilities, or other payments due
7. Security Deposit: Addresses the return of security deposit and timeline
8. Property Condition: Outlines requirements for the condition in which the property must be left
9. Keys and Access: Specifies when and how keys must be returned
10. Release of Obligations: States that both parties release each other from future obligations under the original lease
11. Governing Law: Specifies that the agreement is governed by relevant provincial law
12. Execution: Signature block and date of agreement
1. Forwarding Address: Used when tenant needs to provide a forwarding address for deposit return or future correspondence
2. Early Termination Fee: Include when there is a negotiated fee for ending the lease early
3. Outstanding Repairs: Used when there are specific repair issues that need to be addressed before termination
4. Reference Letter: Include if the landlord agrees to provide a reference letter for the tenant
5. Confidentiality: Used when parties wish to keep the terms of the early termination private
6. Surviving Obligations: Include when certain obligations from the original lease should survive termination
7. Move-out Schedule: Used when specific move-out timing or procedures need to be detailed
1. Schedule A - Property Inspection Report: Detailed checklist for documenting the condition of the property at termination
2. Schedule B - Payment Settlement: Detailed breakdown of final payments, including any prorated rent, utilities, or adjustments
3. Schedule C - Move-out Checklist: List of tasks tenant must complete before vacating
4. Appendix 1 - Original Lease Agreement: Copy of the original lease being terminated for reference
5. Appendix 2 - Photographic Evidence: Photos documenting property condition (if required)
Authors
Real Estate
Property Management
Residential Housing
Commercial Real Estate
Legal Services
Property Investment
Rental Housing
Legal
Property Management
Real Estate Operations
Tenant Relations
Compliance
Asset Management
Facilities
Administrative Services
Document Management
Risk Management
Property Manager
Real Estate Agent
Leasing Coordinator
Property Administrator
Legal Counsel
Tenant Relations Manager
Asset Manager
Real Estate Portfolio Manager
Compliance Officer
Housing Coordinator
Facilities Manager
Real Estate Operations Manager
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