Early Termination Of Lease Template for Canada

1. Early Termination Fee: Details of any agreed-upon termination fee, used when the parties agree to a penalty for early termination

2. Forwarding Address: Section for tenant's forwarding address, used when tenant's new address is known at time of signing

3. Subletting/Assignment Rights: Used when the agreement includes the option for the tenant to find a replacement tenant

4. Outstanding Repairs: Used when there are specific repair or maintenance issues that need to be addressed before termination

5. Reference Letter: Terms regarding the provision of a reference letter, if agreed upon by the landlord

6. Abandoned Property: Procedures for handling any tenant property left behind, if this is a concern

7. Insurance Requirements: Used when specific insurance must be maintained until the termination date

1. Schedule A - Property Condition Report: Detailed documentation of the property's current condition, including photographs

2. Schedule B - Payment Schedule: Breakdown of all final payments, including rent, utilities, and any termination fees

3. Schedule C - Original Lease Agreement: Copy of the original lease agreement being terminated

4. Schedule D - Move-out Inspection Checklist: Standardized checklist for final property inspection

5. Appendix 1 - Utility Account Information: Details for transferring or closing utility accounts

6. Appendix 2 - Property Return Inventory: List of all items to be returned (keys, access cards, etc.)