Document background
The Lease Termination And Release Agreement is a crucial document used in Australian property law contexts when parties wish to formally end their lease arrangement before or at the natural expiration date. This document is essential when both parties agree to terminate a lease early, or when documenting the formal end of a lease term to ensure all obligations are properly discharged. It addresses key aspects such as the return of security deposits, final property inspection, outstanding payments, and mutual releases from future claims. The agreement must comply with relevant Australian state and territory legislation, including residential tenancy acts and retail lease legislation where applicable. It provides protection for both landlords and tenants by clearly documenting the terms of separation and preventing future disputes.
