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Termination Of Lease Agreement During Lock In Period
"I need a Termination Of Lease Agreement During Lock In Period for my retail space in Singapore, as my business is relocating overseas, with termination effective March 15, 2025, and I want to include a payment plan for the early termination penalties."
1. Parties: Details of landlord and tenant
2. Background: Original lease details, lock-in period terms, and reason for termination
3. Definitions: Key terms used in the agreement
4. Termination Date: Specified date when the lease will terminate
5. Early Termination Compensation: Details of penalties or compensation payable
6. Security Deposit Settlement: Terms for return or forfeiture of security deposit
7. Handover Procedures: Process for returning the property
1. Force Majeure: Used when termination is due to extraordinary circumstances beyond parties' control
2. Payment Plan: Structure for paying termination penalties in installments
3. Reinstatement Works: Requirements for property restoration when specific restoration work is required
1. Original Lease Agreement: Copy of the original lease being terminated
2. Property Condition Report: Current condition of property and required repairs
3. Handover Checklist: List of items to be checked during property handover
4. Payment Schedule: Detailed breakdown of termination payments
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