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Agreement To End Lease Early Template for Canada

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Key Requirements PROMPT example:

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."

Document background
An Agreement To End Lease Early is a crucial document used in Canadian residential and commercial tenancy situations where both parties wish to terminate a lease agreement before its scheduled end date. This document is particularly relevant when circumstances such as job relocation, property sale, or mutual agreement to terminate arise. The agreement must comply with specific provincial tenancy laws, as landlord-tenant relationships are governed at the provincial level in Canada. It typically includes essential elements such as identification of parties, termination date, final payment arrangements, security deposit disposition, and mutual releases. The document serves as legal protection for both parties by clearly documenting their agreement and preventing future disputes. It's commonly used in both residential and commercial contexts and can be customized to address specific situation requirements while maintaining compliance with relevant provincial regulations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Real Estate

Legal Services

Property Investment

Rental Housing

Relevant Teams

Legal

Property Management

Real Estate Operations

Tenant Relations

Compliance

Asset Management

Facilities

Administrative Services

Document Management

Risk Management

Relevant Roles

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

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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