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Mutual Agreement To End Tenancy
"I need a Mutual Agreement to End Tenancy for my residential property in Mumbai, where my tenant and I have agreed to terminate the lease early on March 15, 2025, with a security deposit return after final inspection."
1. Parties: Identification and details of the landlord and tenant, including full names, addresses, and contact information
2. Background: Brief overview of the existing tenancy agreement, including its start date and current status
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the tenancy will end by mutual consent
5. Security Deposit: Terms for the return of the security deposit, including deductions if any
6. Handover Process: Details of the property handover process, including inspection requirements and key return
7. Outstanding Payments: Settlement of any pending rent, utilities, or other charges
8. Release and Discharge: Mutual release from future obligations under the original tenancy agreement
9. Governing Law: Specification that the agreement is governed by Indian law
10. Signatures: Execution clause and space for signatures of all parties
1. Repairs and Maintenance: Details of any repairs or maintenance required before handover, used when there are specific repair requirements
2. Early Termination Fees: Any fees or compensation agreed upon for early termination, if applicable
3. Forwarding Address: New address details of the tenant, included when needed for future correspondence
4. Third Party Rights: Provisions relating to any third parties involved (e.g., guarantors), if applicable
5. Dispute Resolution: Specific procedures for resolving any disputes that may arise, included for more complex agreements
1. Property Inventory: Detailed list of furniture, fixtures, and fittings and their condition at termination
2. Utility Readings: Final readings of electricity, water, gas meters and other utilities
3. Payment Settlement Statement: Detailed breakdown of all financial settlements including security deposit calculations
4. Property Inspection Report: Final inspection report documenting the condition of the property at termination
Authors
Property
Original Lease Agreement
Termination Date
Security Deposit
Landlord
Tenant
Rent
Handover Date
Premises
Outstanding Charges
Utilities
Property Manager
Inspection Report
Effective Date
Parties
Working Day
Inventory
Fixtures and Fittings
Release Date
Settlement Amount
Applicable Law
Notice Period
Forwarding Address
Termination
Property Handover
Security Deposit
Financial Settlement
Utilities and Outstanding Payments
Inspection and Condition
Release and Discharge
Representations and Warranties
Liability
Indemnification
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notice
Force Majeure
Counterparts
Binding Effect
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Education
Healthcare
Professional Services
Manufacturing
Legal
Property Management
Real Estate
Facilities Management
Administrative Services
Compliance
Operations
Corporate Services
Tenant Relations
Contract Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Manager
Housing Officer
Property Administrator
Tenant Relations Manager
Real Estate Agent
Contract Administrator
Legal Administrator
Compliance Officer
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