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1. Parties: Identification of the Landlord and Tenant, including their full legal names and addresses
2. Background: References to the original tenancy agreement including its date, property address, and term
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Original Agreement', 'Property', etc.
4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the tenancy
5. Termination Date: Specific date when the tenancy will end and the tenant will vacate the property
6. Return of Security Deposit: Terms for the return of the security deposit, including any deductions and timeline
7. Property Inspection: Requirements for final inspection and condition assessment of the property
8. Settlement of Accounts: Agreement on final payment of rent, utilities, and other charges
9. Release of Obligations: Mutual release from future obligations under the original tenancy agreement
10. Governing Law: Confirmation that the agreement is governed by Philippine law
11. Execution: Signature blocks for all parties and witnesses
1. Outstanding Repairs: Include when there are specific repairs or maintenance issues that need to be addressed before termination
2. Disputed Amounts: Include when there are any contested charges or payments that need to be resolved
3. Forwarding Address: Include when specific arrangements are needed for future correspondence or deposit return
4. Keys and Access Devices: Include when there are specific requirements about returning keys, access cards, or other property access devices
5. Surviving Obligations: Include when certain obligations need to continue after termination
6. Early Termination Fee: Include when the cancellation occurs before the original end date and involves a penalty
1. Schedule 1 - Property Inspection Report: Detailed checklist of property condition and any damage noted during final inspection
2. Schedule 2 - Security Deposit Calculations: Itemized list of any deductions from the security deposit
3. Schedule 3 - Outstanding Payments: List of any remaining payments due from either party
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being cancelled
5. Appendix B - Photographic Evidence: Photos documenting the property condition at termination
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