An End of Lease Agreement is essential when formally concluding any residential or commercial lease arrangement in Canada. This document is typically used when a lease is coming to its natural end, though it can also be used for mutually agreed early terminations. It serves as a comprehensive record of the lease termination process, incorporating specific provincial requirements for property handover, security deposit returns, and final inspections. The agreement helps prevent disputes by clearly documenting the condition of the property, outstanding obligations, and financial settlements. It should be prepared in advance of the actual termination date to ensure all parties have sufficient time to meet their obligations and comply with provincial notice requirements. The document is particularly important in Canadian jurisdictions where specific provincial tenancy laws govern the lease termination process and tenant-landlord relationships.
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1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and addresses
2. Background: Reference to the original lease agreement, its date, and brief context for this end of lease agreement
3. Definitions: Key terms used throughout the agreement including Property, Termination Date, Security Deposit, etc.
4. Termination Date: Confirmation of the official lease termination date and time for vacating the property
5. Property Inspection: Requirements and process for final property inspection, including timing and participation
6. Property Condition: Standards for the condition in which the property must be returned
7. Security Deposit: Terms for the assessment and return of the security deposit, including deductions if applicable
8. Final Payments: Settlement of all outstanding amounts including rent, utilities, and other charges
9. Keys and Access: Requirements for returning all keys, access cards, and security devices
10. Notices: Contact information and process for final communications between parties
11. Governing Law: Specification of applicable Canadian provincial law governing the agreement
12. Execution: Signature blocks and execution requirements
1. Restoration Requirements: For commercial properties, specific requirements for restoring the property to its original condition
2. Fixtures and Improvements: Handling of tenant improvements and fixtures, whether they should be removed or left in place
3. Environmental Compliance: For properties where environmental concerns exist, specific requirements for environmental compliance and cleanup
4. Holdover Provisions: Terms applying if the tenant fails to vacate by the termination date
5. Assignment and Subleases: Termination of any existing subleases or assignments
6. Storage and Abandoned Property: Handling of any tenant property left behind after termination
7. References and Future Leasing: Terms regarding landlord references and future leasing opportunities
8. Cleaning Requirements: For residential properties, specific cleaning standards required for move-out
1. Schedule A - Property Inspection Checklist: Detailed checklist for final property inspection
2. Schedule B - Security Deposit Calculation: Itemized list of any deductions from security deposit
3. Schedule C - Utility Final Reading Requirements: List of utilities requiring final readings and transfer/termination
4. Schedule D - Move-out Cleaning Standards: Detailed cleaning requirements for property return
5. Schedule E - Original Property Condition Report: Copy of initial property condition report for comparison
6. Appendix 1 - Photographic Evidence: Photos documenting property condition at termination
7. Appendix 2 - Outstanding Maintenance Log: Record of any pending maintenance issues
8. Appendix 3 - Key Inventory: Detailed list of all keys and access devices to be returned
Relevant legal definitions
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Relevant Industries
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Manufacturing
Relevant Teams
Legal
Property Management
Real Estate
Operations
Facilities Management
Asset Management
Tenant Relations
Compliance
Administration
Maintenance
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Lease Administrator
Asset Manager
Property Administrator
Real Estate Director
Operations Manager
Tenant Relations Manager
Building Superintendent
Real Estate Coordinator
Compliance Officer
Property Inspector
Maintenance Manager
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