Voluntary Surrender Agreement Template for India

1. Outstanding Dues: Used when there are pending payments or dues to be settled as part of the surrender

2. Third Party Rights: Included when there are third-party interests or claims on the property being surrendered

3. Insurance: Required when insurance policies need to be transferred or terminated

4. Tax Implications: Added when specific tax consequences need to be addressed

5. Maintenance Responsibilities: Included for property surrenders where interim maintenance obligations need to be specified

6. Confidentiality: Added when parties wish to keep the terms of surrender confidential

7. Force Majeure: Included when a delay in surrender completion needs to be addressed due to unforeseen circumstances

8. Surviving Obligations: Used when certain obligations need to continue post-surrender

1. Property Details: Detailed description of the property/asset including specifications, conditions, and any identifying information

2. Inventory List: Itemized list of any movable properties, fixtures, or fittings included in the surrender

3. Outstanding Payments: List of any pending dues, payments, or financial obligations

4. Handover Checklist: Detailed list of items and documents to be handed over during the surrender process

5. Existing Defects: Documentation of any existing damage or defects in the property at the time of surrender

6. Required Documents: List of all documents required for completing the surrender process

7. Photographs: Visual documentation of the property condition at the time of surrender