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Agreement To Break Lease Form

Agreement To Break Lease Form Template for England and Wales

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Key Requirements PROMPT example:

Agreement To Break Lease Form

"I need an Agreement To Break Lease Form for my commercial office space in Manchester, where my company wishes to terminate our 5-year lease early on March 1, 2025, due to business relocation, and we need to ensure all dilapidations are properly addressed."

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Document background
The Agreement To Break Lease Form is essential when parties wish to terminate a lease before its scheduled end date in England and Wales. This document is commonly used when circumstances require early termination, such as business relocations, personal circumstances, or mutual agreement between parties. It includes crucial details about the termination date, financial settlements, property condition requirements, and obligations of all parties. The agreement ensures compliance with relevant legislation including the Landlord and Tenant Act 1954 and the Housing Act 1988, providing legal certainty and protection for all involved parties.
Suggested Sections

1. Parties: Details of the landlord and tenant, including full legal names and addresses

2. Background: Brief context about the existing lease and reason for early termination

3. Definitions: Key terms used throughout the agreement

4. Break Date: Specific date when the lease will terminate

5. Financial Settlement: Details of any payments, including outstanding rent and break fee

6. Property Condition: Requirements for the condition in which the property must be returned

7. Execution: Signature blocks and execution provisions

Optional Sections

1. Deposit Return: Terms for returning the security deposit - use when a security deposit was paid under the original lease

2. Dilapidations: Specific arrangements for addressing property damage or alterations - use when there are outstanding repair or restoration obligations

3. Service Charges: Settlement of service charge accounts - use for leases with service charge provisions

Suggested Schedules

1. Schedule 1: Property Inventory: List of fixtures, fittings and condition assessment

2. Schedule 2: Financial Statement: Detailed breakdown of all financial settlements

3. Appendix A: Original Lease: Copy of the original lease being terminated

4. Appendix B: Photographic Evidence: Property condition photographs (if required)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Industries

Landlord and Tenant Act 1954: Primary legislation governing the relationship between landlords and tenants, particularly Part II which deals with security of tenure for business tenancies

Law of Property Act 1925: Fundamental property law legislation that governs how property rights can be created, transferred and enforced

Housing Act 1988: Key legislation for residential tenancies, particularly regarding Assured Shorthold Tenancies and grounds for possession

Landlord and Tenant (Covenants) Act 1995: Legislation governing the enforcement of covenants in leases and the assignment of leases

Tenant Fees Act 2019: Legislation restricting what fees can be charged to tenants in residential tenancies when terminating a lease

Protection from Eviction Act 1977: Law protecting tenants from illegal eviction and harassment, must be considered when breaking a lease

Deposit Protection Requirements: Legal requirements for protecting and returning tenant deposits in residential tenancies

MEES Regulations: Minimum Energy Efficiency Standards regulations that may affect the property's legal status upon lease termination

Notice Period Requirements: Statutory and contractual requirements for giving notice to terminate a lease

Financial Settlement Provisions: Legal framework for handling outstanding rent, service charges, and other financial obligations when breaking a lease

Property Condition Requirements: Legal obligations regarding the condition in which the property must be returned to the landlord

Utilities and Services Transfer: Legal requirements for transferring or terminating utility services and other contracted services

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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