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The Termination Letter For Leave and License Agreement is a crucial document used in the Philippine legal system when either a licensor or licensee wishes to formally end their property arrangement. This document is essential in situations where parties need to terminate their existing Leave and License Agreement, whether at the natural end of its term or prematurely due to specific circumstances. It must comply with Philippine property law, including the Civil Code of the Philippines and relevant local regulations. The letter typically includes critical information such as property details, termination date, reason for termination, handover procedures, and settlement terms. It serves as both a legal notice and a practical guide for the termination process, helping ensure a smooth transition and protecting both parties' interests under Philippine jurisdiction.

1. Date and Address Block: Current date and complete contact details of both the licensee and licensor

2. Subject Line: Clear indication that this is a termination notice for the specific Leave and License Agreement

3. Reference Details: Agreement details including original date of execution and property address

4. Notice of Termination: Clear statement of intent to terminate the agreement and the effective date

5. Legal Basis: Reference to the termination clause in the original agreement and/or applicable laws

6. Reason for Termination: Brief explanation of the grounds for termination

7. Handover Requirements: Specific instructions regarding property handover, key return, and final inspection

8. Settlement of Dues: Details of any pending payments, refunds, or security deposit arrangements

9. Closure Process: Steps to be taken by both parties to formally close the agreement

10. Signature Block: Space for signature, name, and date for both parties