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1. Parties: Identification of the Lessor and Lessee with complete names, addresses, and other relevant contact information
2. Background: Reference to the original lease agreement, including its execution date, property description, and current lease term
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Original Lease', and other relevant terms
4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the lease and the effective termination date
5. Return of Property: Conditions for returning the property, including required state of repair and cleaning requirements
6. Security Deposit: Terms for the return of the security deposit, including timing and any deductions for damages or unpaid amounts
7. Outstanding Obligations: Settlement of any remaining rent, utilities, maintenance charges, or other financial obligations
8. Release of Liability: Mutual release of future obligations under the original lease, subject to specified exceptions
9. Keys and Access Devices: Requirements for returning all keys, access cards, and other property access devices
10. Governing Law: Specification that the agreement is governed by Philippine law
11. Execution: Signature blocks for all parties and witnesses as required under Philippine law
1. Holdover Period: Include when there's a need for a brief extension period between agreement signing and actual vacation of premises
2. Property Inspection: Include when specific inspection procedures need to be documented, including timing and standards
3. Abandonment of Property: Include when addressing potential abandoned personal property left by tenant
4. Confidentiality: Include when parties wish to keep the terms of the termination confidential
5. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures for potential disputes
6. Utilities Transfer: Include when there are specific requirements for transferring or terminating utility services
7. Forwarding Address: Include when formal documentation of tenant's forwarding address is required
1. Schedule A - Property Inventory: Detailed list of property condition and any fixtures/fittings to be checked during handover
2. Schedule B - Settlement Statement: Detailed breakdown of all financial settlements including security deposit deductions, if any
3. Schedule C - Utility Readings: Final readings for all utilities and status of accounts
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated
5. Appendix 2 - Property Inspection Report: Final inspection report documenting the condition of the property at termination
6. Appendix 3 - Photographic Evidence: Photos documenting the property's condition at termination
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Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Manufacturing
Warehousing
Agriculture
Legal
Real Estate
Facilities Management
Operations
Administration
Risk Management
Property Management
Asset Management
Contract Management
Compliance
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Manager
Asset Manager
Operations Manager
Contract Administrator
Real Estate Agent
Property Administrator
Business Owner
Corporate Real Estate Manager
Tenant Relations Manager
Legal Administrator
Risk Manager
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