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Early Termination Of Lease Agreement for Switzerland

Early Termination Of Lease Agreement Template for Switzerland

This document serves as a formal agreement for the early termination of a lease under Swiss law, specifically governed by the Swiss Code of Obligations (Obligationenrecht). It establishes the terms and conditions for prematurely ending a lease agreement between landlord and tenant, including specific termination dates, final payment arrangements, property inspection requirements, and the process for returning the security deposit. The agreement ensures compliance with Swiss tenancy law while protecting the interests of all parties involved in the early termination process.

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What is a Early Termination Of Lease Agreement?

The Early Termination of Lease Agreement is a critical document used when parties wish to formally end a lease before its scheduled expiration date under Swiss law. This document is particularly relevant when either the landlord and tenant mutually agree to terminate early, or when circumstances permit unilateral early termination under Swiss tenancy law. The agreement encompasses essential elements required by the Swiss Code of Obligations, including specific termination dates, final settlements, property inspection procedures, and security deposit arrangements. It's designed to provide legal certainty and protection for all parties while ensuring compliance with Swiss legal requirements for lease termination. The document can be adapted for both residential and commercial properties, incorporating necessary provisions based on the specific situation and property type.

What sections should be included in a Early Termination Of Lease Agreement?

1. Parties: Identification of the Landlord and Tenant with full legal names and addresses

2. Background: Reference to the original lease agreement, its date, and brief context for early termination

3. Definitions: Key terms used in the agreement including 'Premises', 'Original Lease', 'Termination Date', and 'Security Deposit'

4. Early Termination Agreement: Mutual agreement to terminate the lease early and specific termination date

5. Final Rent Payment: Details of the final rent payment including pro-rata calculations if applicable

6. Security Deposit: Arrangements for the return of the security deposit and timeline

7. Property Inspection: Process and timing for final inspection of the premises

8. Handover Requirements: Specific conditions for returning the property including cleaning and repairs

9. Release of Obligations: Mutual release of future obligations under the original lease

10. Governing Law: Confirmation of Swiss law application and jurisdiction

11. Signatures: Execution section for all parties including date and place of signing

What sections are optional to include in a Early Termination Of Lease Agreement?

1. Outstanding Payments: Include when there are utility bills, service charges, or other payments to be settled

2. Forwarding Address: Include when tenant needs to provide new contact details for future correspondence

3. Key Return: Include when specific arrangements for key return need to be documented

4. Damages Settlement: Include when there are existing damages to be addressed

5. Mail Forwarding: Include when arrangements for forwarding mail need to be specified

6. Early Termination Fee: Include when a penalty or fee is being charged for early termination

7. Tenant Improvements: Include when there are fixtures or improvements installed by tenant that need addressing

What schedules should be included in a Early Termination Of Lease Agreement?

1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement referenced in the termination

2. Schedule 2 - Property Inspection Checklist: Detailed checklist for final inspection of the property

3. Schedule 3 - Photographic Evidence: Current photographs of the property condition

4. Schedule 4 - Utility Accounts: List of utility accounts to be closed or transferred

5. Schedule 5 - Outstanding Payments Schedule: Detailed list of any outstanding payments or credits

6. Schedule 6 - Keys and Access Devices Inventory: List of all keys and access devices to be returned

Authors

Alex Denne

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

Jurisdiction

Switzerland

Publisher

Ƶ

Cost

Free to use

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