The Tenancy Release Form is a crucial document in New Zealand's residential property sector, used when parties mutually agree to end a tenancy agreement before its planned termination date or to formally document the end of a periodic tenancy. This document must comply with the Residential Tenancies Act 1986 and related regulations, providing a clear record of the agreed termination terms, property handover conditions, and financial settlements. It protects both landlords and tenants by preventing future disputes and ensuring all parties understand their rights and obligations during the termination process. The form is particularly important in situations involving bond refunds, property condition assessments, and the formal recording of agreed release terms.
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1. Parties: Identification of all parties to the release agreement, including the landlord/property manager and tenant(s)
2. Background: Brief context about the existing tenancy agreement, including its start date and the property address
3. Definitions: Key terms used in the document, including 'Tenancy Agreement', 'Release Date', and 'Property'
4. Release Terms: The specific terms of the release, including the effective date and confirmation that all parties agree to terminate the tenancy
5. Property Condition: Statement regarding the condition the property must be left in and any inspection requirements
6. Bond Administration: Details about the return or transfer of the bond held with Tenancy Services
7. Final Payments: Information about final rent payments, utilities, and any other financial settlements
8. Execution: Space for signatures, dates, and witness details if required
1. Keys and Access Devices: Section detailing the return of keys, access cards, or other property access devices - include when these items were provided to the tenant
2. Forwarding Address: Section for tenant's forwarding address - include when bond refund or final communications need to be sent
3. Outstanding Maintenance: Section addressing any ongoing maintenance issues - include when there are unresolved maintenance matters
4. Mutual Release of Claims: Comprehensive mutual release of future claims - include when there have been disputes or potential claims
5. Break Fee: Details of any break fee or early termination charges - include when the release is before the end of a fixed-term tenancy
1. Property Inspection Report: Final property inspection checklist and findings
2. Outstanding Payments Schedule: Detailed list of any outstanding payments or credits between parties
3. Photographic Evidence: Documentation of property condition at time of release
4. Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Property Investment
Legal Services
Housing Administration
Relevant Teams
Property Management
Leasing
Legal
Compliance
Customer Service
Operations
Administrative Support
Tenant Relations
Asset Management
Documentation
Relevant Roles
Property Manager
Real Estate Agent
Tenancy Officer
Property Administrator
Leasing Consultant
Legal Counsel
Housing Officer
Compliance Manager
Tenant Relations Coordinator
Portfolio Manager
Property Services Manager
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