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Cancellation Of Rental Agreement
"I need a Cancellation of Rental Agreement for my residential property in Kuala Lumpur, with a mutual termination date of March 15, 2025, including standard security deposit refund terms and a simple handover process."
1. Parties: Identification of the Landlord and Tenant with their full names, identification numbers, and addresses
2. Background: References to the original Tenancy Agreement including its date, property address, and current rental terms
3. Definitions: Definitions of key terms used in the agreement including 'Termination Date', 'Security Deposit', and 'Original Agreement'
4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the tenancy and the effective termination date
5. Security Deposit Settlement: Details of the security deposit refund process, amount to be returned, and timeline
6. Property Handover: Specifications for the property handover process including key return and inspection requirements
7. Release and Discharge: Mutual release of obligations and liabilities under the original agreement
8. Governing Law: Confirmation that the cancellation agreement is governed by Malaysian law
9. Execution: Signature blocks for all parties and witnesses
1. Outstanding Payments: Used when there are pending rental payments, utility bills, or other charges to be settled
2. Property Damage Resolution: Included when there are agreements regarding repair of damage or deductions from security deposit
3. Early Termination Fee: Required if there is a penalty for early termination as per the original agreement
4. Utilities Transfer: Used when there are specific arrangements for transferring or terminating utility accounts
5. Personal Property: Included when addressing removal of tenant's personal belongings or abandoned property
6. Forwarding Address: Used when specifying requirements for tenant to provide forwarding address for future correspondence
7. Confidentiality: Optional clause for maintaining confidentiality of the termination terms if required
1. Schedule 1 - Property Condition Report: Detailed report of the property's condition at the time of termination
2. Schedule 2 - Settlement Calculation: Breakdown of security deposit refund calculation including any deductions
3. Schedule 3 - Inventory List: List of fixtures and fittings to be checked during handover
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
5. Appendix B - Handover Checklist: Checklist of items to be completed for successful property handover
Authors
Termination
Security Deposit
Property Handover
Release and Discharge
Outstanding Payments
Utilities
Keys and Access
Property Condition
Personal Property
Indemnification
Confidentiality
Notices
Governing Law
Severability
Entire Agreement
Amendment
Dispute Resolution
Force Majeure
Assignment
Costs
Time of Essence
Waiver
Further Assurance
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Office Space
Industrial
Education
Healthcare
Legal
Real Estate
Property Management
Facilities Management
Operations
Tenant Relations
Asset Management
Compliance
Contract Administration
Customer Service
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Property Administrator
Facilities Manager
Asset Manager
Tenant Relations Officer
Property Operations Manager
Compliance Officer
Contract Administrator
Real Estate Portfolio Manager
Housing Officer
Building Manager
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