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1. Parties: Identification of the landlord/lessor and tenant/lessee with complete legal names and addresses
2. Background: Brief description of the existing lease agreement, including its date, property details, and current rental terms
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the lease will be terminated and the tenant will vacate the property
5. Mutual Agreement: Statement confirming both parties agree to terminate the lease voluntarily
6. Final Settlement: Details of all financial settlements including remaining rent, utilities, and other charges
7. Security Deposit: Terms for the return or application of the security deposit
8. Property Inspection: Requirements and process for final property inspection
9. Handover Requirements: Specific conditions for returning the property, including cleaning and repairs
10. Release of Obligations: Mutual release of future obligations under the original lease
11. Governing Law: Confirmation that the agreement is governed by Philippine law
12. Signatures: Space for parties to sign and date the agreement
1. Outstanding Repairs: Details of any repairs required, used when there are specific repair issues to be addressed before termination
2. Personal Property: Provisions regarding abandoned personal property, included when there are concerns about items left behind
3. Keys and Access Devices: Specific provisions about returning keys and access cards, used for properties with special security systems
4. Utilities Transfer: Process for transferring or disconnecting utilities, included when utilities are in tenant's name
5. Forwarding Address: Space for tenant's forwarding address, included when future correspondence is expected
6. Early Termination Fee: Details of any early termination fees, included when termination occurs before lease end date
7. Third-Party Claims: Provisions regarding potential third-party claims, included when there are subtenants or other third-party interests
1. Schedule A - Property Inventory: Detailed inventory of the property condition and fixtures
2. Schedule B - Settlement Calculation: Detailed breakdown of all financial settlements, including rent, deposits, and deductions
3. Schedule C - Inspection Report: Pre-termination inspection report detailing property condition
4. Schedule D - Original Lease Agreement: Copy of the original lease agreement being terminated
5. Appendix 1 - Photographic Evidence: Photos documenting property condition (if applicable)
6. Appendix 2 - Utility Bills: Copies of final utility bills and payment proof
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