Document background
The Residential Lease Termination Agreement is a crucial document used in Germany when both landlord and tenant mutually agree to end a residential tenancy. This document is essential for properly documenting the agreed terms of lease termination, ensuring compliance with German residential tenancy laws, particularly the German Civil Code (BGB). It should be used whenever parties wish to formally document their mutual agreement to end a lease, whether at the natural end of the term or earlier. The agreement includes critical information about the termination date, property handover procedures, utility settlements, security deposit returns, and any specific conditions agreed upon by the parties. It serves as a legal safeguard for both parties by clearly defining their rights and obligations during the termination process and helping prevent future disputes.
