Lease Cancellation Form Template for Singapore

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Key Requirements PROMPT example:

Lease Cancellation Form

"I need a Lease Cancellation Form for my commercial office space in Singapore CBD, with early termination date of March 1, 2025, including specific provisions for the return of renovated areas and settlement of utility deposits."

Document background

The Lease Cancellation Form is a critical document used in Singapore when parties wish to formally terminate a lease agreement before its natural expiration. It provides a structured framework for early termination that complies with Singapore's property laws and regulations. This document is essential for protecting both parties' interests by clearly stating the terms of cancellation, financial settlements, property restoration requirements, and mutual release from future obligations. The form is particularly relevant in situations involving early termination due to mutual agreement, unforeseen circumstances, or other valid reasons recognized under Singapore law.

Suggested Sections

1. Date and Parties: Identification of landlord and tenant, property address

2. Original Lease Reference: Details of the original lease being cancelled including date, parties, and property details

3. Cancellation Terms: Effective date and conditions of the lease cancellation

4. Financial Settlement: Details of security deposit return, outstanding rent, and other financial matters

5. Mutual Release: Statement releasing both parties from future obligations under the lease

Optional Sections

1. Property Inspection: Details of property inspection requirements and condition assessment before handover

2. Utilities Settlement: Provisions for transfer or settlement of utility accounts

3. Key Return: Requirements and process for returning keys and access devices

4. Renovation Restoration: Requirements for restoring any modifications made to the property

Suggested Schedules

1. Property Condition Report: Detailed documentation of the current state of the property

2. Outstanding Payments Schedule: Itemized list of any pending payments or settlements

3. Handover Checklist: Comprehensive list of items to be checked during property handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Cancellation Date
Original Lease
Property
Security Deposit
Landlord
Tenant
Outstanding Payments
Handover Date
Property Condition
Mutual Release
Settlement Amount
Reinstatement Works
Utilities Accounts
Keys and Access Devices

Clauses

Termination
Financial Settlement
Property Handover
Mutual Release
Notice
Representations and Warranties
Indemnification
Restoration
Governing Law
Entire Agreement
Assignment
Severability
Utilities
Keys and Access
Inspection

Relevant Industries

Residential Real Estate
Commercial Real Estate
Industrial
Hospitality

Relevant Teams

Legal
Real Estate
Facilities Management
Finance
Operations

Relevant Roles

Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Asset Manager

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Let's create your Lease Cancellation Form

Authors

Alex Denne

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