The Landlord Lease Termination Agreement is a crucial document used across Canadian provinces when both landlord and tenant mutually agree to end a lease agreement before its scheduled termination date. This document becomes necessary when circumstances require early termination of a lease, such as tenant relocation, property sale, or other mutually agreed-upon situations. It must comply with provincial residential tenancy laws and typically includes specific provisions for security deposit return, property inspection requirements, and the exact termination date. The agreement protects both parties by clearly documenting the terms of separation and mutual releases, while ensuring all provincial legal requirements are met. It's particularly important in Canadian jurisdictions where tenant rights are strongly protected and formal documentation of such agreements is essential for legal compliance.
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1. Parties: Identifies and provides full legal names and addresses of the landlord and tenant(s)
2. Background: Describes the existing lease agreement, including its date, property address, and current terms
3. Definitions: Defines key terms used throughout the agreement
4. Termination Date: Specifies the exact date when the lease will be terminated
5. Mutual Agreement: States that both parties agree to terminate the lease voluntarily
6. Return of Security Deposit: Details the amount, timing, and conditions for return of security deposit
7. Property Inspection: Outlines the process and timing for final property inspection
8. Vacant Possession: Confirms tenant's obligation to deliver vacant possession by the termination date
9. Release of Obligations: Details mutual release of future obligations under the original lease
10. Outstanding Payments: Addresses any remaining rent, utilities, or other payments due
11. Governing Law: Specifies that the agreement is governed by relevant provincial/territorial law
12. Entire Agreement: Confirms this document represents the complete agreement between parties
13. Execution: Signature block and date for all parties
1. Early Termination Fee: Include when there is a penalty or fee for early termination
2. Forwarding Address: Include when tenant needs to provide a forwarding address for future correspondence
3. Keys and Access Devices: Include when there are specific requirements about returning keys, fobs, or garage openers
4. Property Maintenance: Include when there are specific cleaning or repair requirements before vacancy
5. Abandoned Property: Include when addressing handling of any property left behind by tenant
6. Reference Letter: Include when the landlord agrees to provide a reference letter
7. Utilities Transfer: Include when there are specific requirements about transferring or canceling utilities
8. Insurance: Include when addressing termination of tenant insurance requirements
1. Schedule A - Property Condition Report: Template or form for documenting property condition at termination
2. Schedule B - Security Deposit Calculation: Detailed breakdown of security deposit deductions or refund
3. Schedule C - Outstanding Payments Statement: Itemized list of any outstanding payments or credits
4. Schedule D - Move-out Checklist: Detailed list of tenant responsibilities before vacating
5. Appendix 1 - Original Lease Agreement: Copy of the original lease being terminated
6. Appendix 2 - Property Photographs: Documentation of property condition (if applicable)
Relevant legal definitions
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Residential Housing
Commercial Real Estate
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Property Development
Housing Services
Property Investment
Relevant Teams
Legal
Property Management
Leasing
Operations
Asset Management
Tenant Relations
Administration
Compliance
Real Estate Operations
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Relevant Roles
Property Manager
Leasing Manager
Real Estate Agent
Legal Counsel
Tenant Relations Coordinator
Asset Manager
Property Administrator
Compliance Officer
Housing Coordinator
Real Estate Portfolio Manager
Facilities Manager
Lease Administrator
Property Operations Manager
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