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Commercial Lease Termination Letter
"I need a Commercial Lease Termination Letter for our Singapore retail store at Orchard Gateway, as we're downsizing operations and need to terminate our lease early, with the termination date set for March 1, 2025."
1. Sender and Recipient Details: Full names, addresses, and contact information of both landlord and tenant
2. Property Details: Complete address and description of leased premises including unit number, building name, and postal code
3. Lease Reference: Reference to original lease agreement including date of execution and reference number
4. Termination Notice: Clear statement of intention to terminate and specific termination date
5. Notice Period Confirmation: Confirmation that the notice period complies with lease terms and applicable laws
1. Termination Reason: Statement explaining the reason for termination, if required or beneficial to state
2. Security Deposit: Details regarding the return of security deposit and any deductions
3. Outstanding Payments: Statement of any pending rental payments or other financial obligations
4. Reinstatement Requirements: Specific requirements for restoring the property to its original condition
5. Handover Arrangements: Proposed date and process for property inspection and key handover
1. Original Lease Agreement: Copy of the original lease agreement being terminated
2. Property Condition Report: Current condition assessment of the premises with photographs if applicable
3. Payment Statement: Statement of accounts showing any outstanding amounts or confirmation of payments up to date
4. Handover Checklist: Detailed list of items to be completed before property vacation and key handover
Authors
Notice Period
Termination Date
Security Deposit Return
Outstanding Payments
Property Inspection
Reinstatement Obligations
Key Return
Utilities Settlement
Final Meter Readings
Handover Arrangements
Property Access
Governing Law
Service of Notice
Record Keeping
Property Condition
Liability Settlement
Insurance Cancellation
Final Accounts Settlement
Dispute Resolution
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