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Commercial Lease Cancellation Letter
"I need a Commercial Lease Cancellation Letter for my retail store in Singapore's Orchard Road area, with a termination date of March 1, 2025, including provisions for the return of our $50,000 security deposit and specific handover requirements for specialized retail fixtures."
1. Sender and Recipient Details: Full names, addresses, and contact information of both parties and company details if applicable
2. Original Lease Reference: Date and details of the original lease agreement including property address and tenancy terms
3. Notice of Cancellation: Clear statement of intent to cancel the lease and the effective termination date
4. Property Handover: Details regarding the return of the property, inspection requirements, and key return process
5. Financial Settlement: Information about final rent payment, security deposit return, and settlement of utilities
1. Reason for Cancellation: To be included when cancellation is due to specific circumstances or mutual agreement that need to be documented
2. Mutual Release: Statement releasing both parties from future obligations, to be included when agreed by both parties
3. Reinstatement Works: Details of any required property restoration works, to be included if specified in original lease
4. Forwarding Address: New contact details for future correspondence, to be included if tenant is relocating
1. Property Inspection Report: Detailed report documenting the condition of the property at termination
2. Settlement Statement: Itemized list of all financial settlements including deposit return and outstanding payments
3. Handover Checklist: Comprehensive list of items to be returned including keys, access cards, and other property-specific items
4. Utility Account Closure Details: List of utility accounts to be closed or transferred with final meter readings
Authors
Termination Date
Handover Provisions
Property Inspection
Security Deposit Return
Outstanding Payments
Utilities Settlement
Keys and Access Return
Final Settlement
Mutual Release
Property Condition
Surrender of Possession
Binding Effect
Governing Law
Acknowledgment
Further Assurance
Reinstatement Requirements
Early Termination Fee
Assignment Rights
Dispute Resolution
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