The Mutual Agreement To End Tenancy is utilized when both landlord and tenant mutually agree to terminate their existing tenancy arrangement before the original end date. This document is essential in Singapore's property market where early termination needs to be properly documented to protect all parties' interests. It includes critical elements such as termination date, security deposit arrangements, utility settlements, and property handover conditions. The agreement ensures compliance with Singapore's residential property laws and provides a clear framework for early termination, helping prevent future disputes and ensuring a smooth transition process.
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1. Parties: Details of landlord and tenant
2. Background: References to original tenancy agreement and mutual desire to terminate
3. Definitions: Key terms used in the agreement
4. Termination Date: Agreed date of termination
5. Security Deposit: Terms of security deposit return
6. Handover Conditions: Property condition requirements and inspection process
7. Release and Discharge: Mutual release from obligations under original tenancy
1. Pro-rata Rent Adjustment: Used when termination date falls mid-month requiring rent adjustment calculations
2. Utility Settlement: Process for final utility readings and payments when utilities are not included in rent
3. Renovation Restoration: Requirements for restoring any alterations when tenant has made modifications to property
1. Schedule 1: Property Details: Full property address and description
2. Schedule 2: Original Tenancy Agreement: Copy of original tenancy agreement being terminated
3. Schedule 3: Handover Checklist: Detailed checklist for property condition at handover
4. Schedule 4: Outstanding Payments: List of any pending payments or adjustments
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