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Ending Tenancy Agreement Early
"I need an Ending Tenancy Agreement Early for my commercial property in Hong Kong's Central district, where the tenant has agreed to terminate the lease on March 1, 2025, with a negotiated termination fee of HKD 50,000 and specific requirements for restoring the premises to its original condition."
1. Parties: Identifies and defines the Landlord and Tenant with their full legal names and addresses
2. Background: References the original tenancy agreement, its key terms, and explains the intention to terminate early
3. Definitions: Defines key terms used throughout the agreement, including 'Termination Date', 'Original Agreement', and 'Premises'
4. Early Termination: Specifies the agreed termination date and mutual consent to end the tenancy early
5. Settlement of Payments: Details the final rent payment, utilities settlement, and handling of the security deposit
6. Handover Requirements: Specifies the condition in which the property must be returned and the handover process
7. Release and Discharge: Mutual release from obligations under the original tenancy agreement post-termination
8. Governing Law: Confirms Hong Kong law governs the agreement
9. Execution: Signature blocks for all parties
1. Compensation Payment: Required when the tenant must pay compensation for early termination
2. Outstanding Repairs: Included when specific repairs or restoration work must be completed before handover
3. Key Return Protocol: Used when there are multiple sets of keys or security devices to be returned
4. Forwarding Address: Include when arrangements for future correspondence or deposit return need to be specified
5. Third Party Consent: Required when mortgagee or other third-party consent is necessary for the termination
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and their condition at termination
2. Schedule 2 - Payment Settlement Details: Breakdown of final payments, including rent, utilities, and deposit calculations
3. Schedule 3 - Handover Checklist: Specific requirements for cleaning, repairs, and conditions for successful handover
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
5. Appendix B - Property Photos: Current photographs of the property condition (if required)
Authors
Original Tenancy Agreement
Premises
Landlord
Tenant
Commencement Date
Original Expiry Date
Termination Date
Security Deposit
Rent
Outstanding Payments
Handover Date
Property Manager
Utilities
Common Areas
Inventory
Keys
Fixtures and Fittings
Property Condition Report
Settlement Amount
Release Date
Parties
Business Day
Hong Kong
Notice Period
Handover Protocol
Termination Payment
Payment and Settlement
Security Deposit
Property Handover
Release and Discharge
Representations and Warranties
Condition of Premises
Keys and Access
Utilities and Services
Outstanding Obligations
Mutual Release
Confidentiality
Notices
Governing Law
Entire Agreement
Severability
Assignment
Third Party Rights
Further Assurance
Counterparts
Force Majeure
Dispute Resolution
Indemnification
Binding Effect
Amendment
Waiver
Costs and Expenses
Real Estate
Property Management
Residential Property
Commercial Property
Legal Services
Banking & Finance
Property Development
Retail
Hospitality
Professional Services
Legal
Real Estate
Property Management
Facilities Management
Operations
Administrative Services
Compliance
Asset Management
Tenant Relations
Contract Management
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Property Administrator
Facilities Manager
Asset Manager
Compliance Officer
Contract Administrator
Property Operations Manager
Tenant Relations Manager
Real Estate Portfolio Manager
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