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Termination Of Sublease Agreement Template for Switzerland

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Key Requirements PROMPT example:

Termination Of Sublease Agreement

"I need a Termination of Sublease Agreement for my commercial office space in Zurich, with an early termination date of March 1, 2025, including provisions for the subtenant's renovation obligations and utility account transfers."

Document background
The Termination of Sublease Agreement is a crucial document used when parties wish to formally end a sublease arrangement in Switzerland. It is particularly relevant when either the sublandlord or subtenant needs to document the early termination of a sublease, or when the sublease is ending as planned but requires formal documentation. This document must comply with Swiss federal law, specifically the Swiss Code of Obligations, as well as any applicable cantonal regulations. It includes essential provisions such as termination dates, property handover procedures, final utility settlements, and security deposit arrangements. The agreement is commonly used in both commercial and residential contexts, providing legal protection for all parties and ensuring a clear record of the sublease termination terms and conditions.
Suggested Sections

1. Parties: Identification of all parties including the main landlord (if relevant), sublandlord, and subtenant

2. Background: Context of the original sublease agreement, including its date and key terms

3. Definitions: Key terms used throughout the agreement including Property, Termination Date, Original Sublease Agreement

4. Termination: Clear statement of the termination, specifying the effective date and mutual agreement of parties

5. Handover of Property: Requirements and process for returning the property, including condition requirements

6. Final Settlement: Details of final rent payment, utilities settlement, and other financial obligations

7. Return of Security Deposit: Process and timeline for the return of any security deposit

8. Release of Obligations: Mutual release of future obligations under the sublease agreement

9. Governing Law: Confirmation of Swiss law application and jurisdiction

Optional Sections

1. Outstanding Repairs: Details of any repairs required before handover, used when property damage needs to be addressed

2. Dispute Resolution: Specific procedures for resolving any disputes, included when parties want detailed conflict resolution procedures

3. Utilities Transfer: Procedures for transferring or terminating utility accounts, included when utilities are in subtenant's name

4. Forwarding Address: New contact details for future correspondence, included when needed for deposit return or final bills

5. Early Termination Fee: Details of any early termination penalties, included when termination occurs before planned end date

6. Surviving Obligations: List of obligations that survive termination, included when specific obligations continue past termination

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of furniture, fixtures, and fittings to be checked during handover

2. Schedule 2 - Condition Report: Current condition of the property compared to condition at start of sublease

3. Schedule 3 - Outstanding Payments: List of any remaining payments or adjustments to be made

4. Schedule 4 - Handover Checklist: Detailed checklist for property inspection and key return procedures

5. Appendix A - Original Sublease Agreement: Copy of the original sublease agreement being terminated

6. Appendix B - Photographic Evidence: Photos documenting the current condition of the property

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

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Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Hospitality

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Industrial

Co-working Spaces

Student Housing

Corporate Real Estate

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Property Management

Risk & Compliance

Corporate Services

Tenant Relations

Asset Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Tenant Relations Manager

Housing Officer

Corporate Real Estate Manager

Leasing Manager

Operations Manager

Administrative Manager

Risk Manager

Compliance Officer

Real Estate Administrator

Housing Coordinator

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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