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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."
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
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
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
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Office Space Management
Industrial
Co-working Spaces
Student Housing
Corporate Real Estate
Legal
Real Estate
Facilities Management
Operations
Administration
Property Management
Risk & Compliance
Corporate Services
Tenant Relations
Asset Management
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
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