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Release Of Lease Agreement
"I need a Release of Lease Agreement for my commercial retail space in Zurich, Switzerland, where my tenant and I have mutually agreed to terminate the lease early on March 1, 2025, with special provisions for the removal of tenant improvements and settlement of outstanding utility bills."
1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any relevant registration numbers
2. Background: Brief recital of the original lease agreement details, including property address, lease start date, and the parties' mutual desire to terminate the lease
3. Definitions: Key terms used throughout the agreement, including 'Lease Agreement', 'Property', 'Termination Date', and 'Security Deposit'
4. Termination Agreement: Formal statement of the mutual agreement to terminate the lease, specifying the exact termination date
5. Property Inspection and Condition: Details of the final property inspection process and agreement on the condition of the property
6. Financial Settlement: Agreement on the handling of the security deposit, any outstanding rent, utilities, or other charges
7. Release of Claims: Mutual release of claims related to the lease agreement, subject to the terms of this agreement
8. Return of Keys: Confirmation of the return of all keys and access devices
9. Governing Law: Specification that Swiss law governs the agreement and identification of relevant canton
10. Signatures: Execution clause and signature blocks for all parties
1. Forwarding Address: Section specifying tenant's forwarding address for future correspondence, required when tenant is moving to a new location
2. Maintenance Issues: Section addressing any outstanding maintenance or repair issues, needed if there are unresolved property maintenance matters
3. Third-Party Rights: Section addressing any third-party rights or obligations (e.g., subtenants or guarantors), required if such parties exist
4. Utilities Transfer: Provisions for the transfer or termination of utility services, needed if utilities are in tenant's name
5. Insurance Matters: Section addressing termination of insurance obligations, needed if specific insurance requirements existed in the lease
1. Schedule 1 - Property Inspection Report: Detailed documentation of the property's condition at termination, including photographs and notes
2. Schedule 2 - Financial Statement: Detailed breakdown of all financial settlements, including security deposit calculations and any deductions
3. Schedule 3 - Inventory List: List of any fixtures, fittings, or furniture included in the original lease and their current status
4. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference
5. Appendix B - Utility Readings: Final utility meter readings and associated documentation
Authors
Original Lease Agreement
Property
Premises
Landlord
Tenant
Parties
Effective Date
Termination Date
Security Deposit
Handover Date
Inspection Report
Outstanding Charges
Utility Charges
Release Date
Settlement Amount
Property Manager
Keys and Access Devices
Permitted Use
Building
Common Areas
Service Charges
Final Account Statement
Forwarding Address
Business Day
Property Inspection
Security Deposit
Financial Settlement
Mutual Release
Property Handover
Outstanding Obligations
Utilities
Access Rights
Keys Return
Insurance
Notices
Governing Law
Dispute Resolution
Entire Agreement
Further Assurance
Severability
Force Majeure
Confidentiality
Assignment
Third Party Rights
Counterparts
Amendments
Survival
Costs
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Manufacturing
Warehousing
Professional Services
Legal
Real Estate
Operations
Administration
Facility Management
Asset Management
Property Management
Contract Administration
Tenant Relations
Risk Management
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Tenant Relations Manager
Asset Manager
Operations Manager
Administrative Officer
Leasing Manager
Real Estate Administrator
Contract Manager
Property Administrator
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