Release From A Lease Agreement

Release From A Lease Agreement Template for Netherlands

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Key Requirements PROMPT example:

"Need to draft a Release from a Lease Agreement for a commercial retail space in Amsterdam, where the tenant company is terminating early on March 1, 2025, due to business relocation, with specific provisions for returning fixtures and settling utility accounts with multiple sub-tenants."

Document background

The Release From A Lease Agreement is a crucial document used in the Netherlands when parties mutually agree to terminate a lease before its scheduled end date. It serves as a legal instrument under Dutch law, particularly governed by the Dutch Civil Code (Burgerlijk Wetboek), to document the early termination of both residential and commercial lease agreements. This document becomes necessary when circumstances such as relocation, property sale, or mutual agreement lead to early lease termination. It includes essential elements such as final settlement terms, property inspection details, security deposit arrangements, and mutual releases from future obligations. The agreement protects both parties' interests by clearly documenting the termination terms and ensuring compliance with Dutch rental law requirements.

Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names and addresses

2. Background: Details of the original lease agreement, including date of execution, property address, and reason for early termination

3. Definitions: Key terms used throughout the agreement including 'Lease', 'Property', 'Termination Date', and 'Settlement Amount'

4. Termination Agreement: Mutual agreement to terminate the lease and the effective date of termination

5. Settlement of Accounts: Details of final rent payment, utility bills, and other financial obligations

6. Security Deposit: Agreement on the return of the security deposit, including any deductions

7. Property Condition: Statement regarding the condition of the property upon surrender

8. Mutual Release: Release of future claims and obligations between parties

9. Governing Law: Confirmation that the agreement is governed by Dutch law

10. Signatures: Execution section for all parties to sign and date

Optional Sections

1. Outstanding Repairs: Details of any repairs needed or agreed to be completed before or after termination

2. Personal Property: Provisions regarding any abandoned personal property or fixtures

3. Key Return: Specific arrangements for returning keys and access devices

4. Forwarding Address: Tenant's new address for future correspondence and deposit return

5. Third Party Rights: Provisions regarding rights of guarantors or other third parties

6. Confidentiality: Terms regarding confidentiality of the release agreement

7. Dispute Resolution: Specific procedures for resolving any future disputes

Suggested Schedules

1. Schedule A - Property Inspection Report: Detailed report on the current condition of the property

2. Schedule B - Settlement Calculation: Detailed breakdown of all financial settlements including rent, deposits, and deductions

3. Schedule C - Utility Readings: Final readings of all utility meters and payment status

4. Schedule D - Inventory List: List of any furniture or fixtures included in the original lease and their current status

5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

6. Appendix 2 - Photographic Evidence: Photos documenting the property condition at termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Mixed-use Development

Student Housing

Relevant Teams

Legal

Property Management

Real Estate

Facilities

Asset Management

Tenant Relations

Contract Administration

Operations

Housing Administration

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Leasing Administrator

Legal Counsel

Housing Officer

Facility Manager

Asset Manager

Tenant Relations Manager

Property Administrator

Contracts Manager

Real Estate Attorney

Building Manager

Portfolio Manager

Residential Services Coordinator

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