The Lease Addendum For Early Termination Of Lease Contract is essential when circumstances require the early conclusion of a lease agreement. This document is commonly used in the United States when tenants need to terminate their lease before the originally agreed end date, whether due to job relocation, military deployment, or other significant life changes. The addendum ensures legal compliance while protecting both parties' interests by clearly defining termination terms, financial obligations, and move-out requirements. It serves as a formal modification to the original lease agreement and helps prevent future disputes by documenting all parties' consent to the early termination arrangement.
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1. Parties: Identification of landlord and tenant(s)
2. Background: Reference to original lease agreement and reason for early termination
3. Definitions: Key terms used in the addendum
4. Early Termination Date: Specific date when lease will terminate
5. Financial Terms: Early termination fees, remaining rent obligations, and security deposit handling
6. Move-out Requirements: Conditions for property return and inspection
7. Signatures: Execution by all parties
1. Special Circumstances: Section covering military deployment or other protected situations under federal law
2. Future Rental Reference: Terms regarding landlord references and recommendations
3. Utilities Transfer: Requirements and procedures for transferring or terminating utility accounts
1. Move-out Inspection Checklist: Detailed list of property condition requirements and inspection criteria
2. Security Deposit Calculation: Breakdown of security deposit deductions and return calculations
3. Payment Schedule: Schedule of installment payments if early termination fee is to be paid over time
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