The Early Termination Of Rental Agreement is essential in Malta's property rental market when parties need to end a lease before its natural conclusion. This document, governed by the Private Residential Leases Act (Cap. 604) and related Maltese legislation, provides a structured framework for terminating rental agreements while ensuring legal compliance and protecting all parties' interests. It addresses key aspects such as notice periods, final settlements, property condition assessments, and the return of security deposits. The agreement is particularly relevant in situations involving changing circumstances for either landlords or tenants, such as relocation, property sale, or other legitimate reasons for early lease termination. It must be properly registered with the Housing Authority and comply with all relevant Maltese housing regulations.
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1. Parties: Identification of the landlord and tenant, including full names, addresses, and identification numbers
2. Background: Brief recital of the original lease agreement details, registration number, and the circumstances leading to early termination
3. Definitions: Definitions of key terms used in the agreement, including 'Termination Date', 'Property', and 'Original Lease'
4. Termination Agreement: Mutual agreement to terminate the lease early, specifying the exact termination date
5. Notice Period: Confirmation of the notice period being given, ensuring compliance with Maltese law
6. Final Payment Terms: Details of any final rent payments, pro-rata calculations, and utility bills
7. Property Inspection: Requirements for final inspection and handover of the property
8. Keys and Access: Arrangements for returning keys and securing the property
9. Release of Obligations: Mutual release of future obligations under the original lease
10. Governing Law: Confirmation that the agreement is governed by Maltese law
11. Signatures: Execution section for all parties to sign and date
1. Security Deposit: Terms for the return of the security deposit, used when a deposit was paid under the original lease
2. Existing Damages: Documentation of any existing damages and agreement on repair responsibilities, used when there are outstanding maintenance issues
3. Forwarding Address: Tenant's new address for future correspondence, used when required for administrative purposes
4. Utilities Transfer: Provisions for transferring or terminating utility accounts, used when utilities are in tenant's name
5. Outstanding Repairs: Agreement on handling any pending repairs or maintenance issues, used when there are unresolved maintenance matters
6. Break Fee: Details of any early termination fee, used when applicable under the original lease terms
1. Schedule 1 - Property Inventory: Detailed inventory of items in the property and their condition at termination
2. Schedule 2 - Utility Readings: Final meter readings for electricity, water, and gas
3. Schedule 3 - Photographic Evidence: Photos documenting the condition of the property at termination
4. Appendix A - Original Lease Agreement: Copy of the registered lease agreement being terminated
5. Appendix B - Condition Report: Detailed report on the property's condition at termination
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