The Termination of Lease Agreement by Tenant is a crucial document used in Indonesia when a tenant wishes to formally end their lease agreement, whether at the end of the term or through early termination provisions. This document is essential for compliance with Indonesian Civil Code requirements and local property regulations. It serves to protect both parties' interests by clearly documenting the termination process, outlining property handover procedures, and addressing financial settlements. The agreement is commonly used in both residential and commercial contexts, requiring careful consideration of notice periods, property condition requirements, and final settlement terms. It should be tailored to reflect specific provisions in the original lease agreement while ensuring compliance with Indonesian property laws and local regulations.
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1. Parties: Identification of the Tenant (as terminating party) and Landlord, including their complete legal names, addresses, and any relevant registration numbers
2. Background: Reference to the original lease agreement, including its date, property address, and current term
3. Definitions: Key terms used in the termination agreement, including references to defined terms from the original lease
4. Notice of Termination: Formal declaration of the tenant's intention to terminate the lease, specifying the intended termination date
5. Termination Date: Clear statement of the effective date of termination, confirming compliance with notice periods required under the original lease
6. Property Handover: Procedures and requirements for returning the property, including condition requirements and inspection process
7. Settlement of Accounts: Details of final rent payment, utility bills, and security deposit return process
8. Mutual Release: Statement releasing both parties from future obligations under the lease, subject to completion of termination requirements
9. Governing Law: Confirmation that the termination is governed by Indonesian law
10. Execution: Signature blocks for both parties with space for date of signing
1. Outstanding Repairs: Include when there are specific repair obligations to be addressed before termination
2. Early Termination Fee: Include when the termination occurs before the end of the agreed lease term and requires payment of a fee
3. Forwarding Address: Include when specific arrangements are needed for future correspondence or security deposit return
4. Third Party Notifications: Include when there are requirements to notify utility companies, building management, or other relevant parties
5. Surviving Obligations: Include when certain lease obligations survive termination (e.g., confidentiality provisions)
1. Schedule A - Property Inventory: Detailed list of property condition and inventory at termination
2. Schedule B - Settlement Statement: Breakdown of final financial settlements including rent, deposits, and any deductions
3. Schedule C - Handover Checklist: Checklist of tasks to be completed before property handover
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated
5. Appendix 2 - Property Photographs: Dated photographs documenting the property's condition at termination
Relevant legal definitions
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Residential Property
Commercial Property
Retail
Hospitality
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Industrial
Manufacturing
Education
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Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Corporate Services
Tenant Relations
Asset Management
Relevant Roles
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Tenant Relations Manager
Operations Manager
Administrative Officer
Compliance Officer
Real Estate Agent
Business Development Manager
Office Manager
Store Manager
Regional Manager
Corporate Services Manager
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