A Release From Tenancy Agreement is essential when parties wish to terminate a lease before its natural expiration. This document, governed by Singapore law, provides a formal framework for early termination while protecting both parties' interests. It typically becomes necessary when tenants need to relocate unexpectedly, when landlords require early possession, or when both parties mutually agree to end the tenancy. The agreement includes critical elements such as the effective date of termination, handling of security deposits, outstanding obligations, and property handover conditions, all while ensuring compliance with Singapore's property laws and regulations.
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Key Requirements PROMPT example:
Release From Tenancy Agreement
"I need a Release From Tenancy Agreement to formally end my tenant's lease of a commercial property in Singapore three months early, with special provisions for the return of a renovated office space and settlement of outstanding utility bills by March 2025."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Context of original tenancy agreement and circumstances leading to early release
3. Definitions: Key terms used in the agreement including 'Property', 'Original Agreement', 'Release Date'
4. Release Terms: Core terms of mutual release from obligations under the original tenancy agreement
5. Security Deposit: Terms for the return or forfeiture of security deposit and timeline
6. Handover Arrangements: Specific requirements for property inspection and key handover
7. Mutual Release and Waiver: Mutual release from all claims and obligations under the original agreement
8. Governing Law: Specification that agreement is governed by Singapore law
9. Execution: Signature blocks and execution provisions
1. Outstanding Payments: Details of any pending payments including utilities, maintenance fees, or other charges
2. Property Condition: Specific requirements for repair, restoration, or maintenance of the property
3. Third Party Obligations: Provisions relating to other parties such as guarantors or property agents
4. Confidentiality: Terms regarding confidentiality of the release agreement and its terms
5. Survival Clauses: Specification of which obligations survive termination of the tenancy
1. Schedule 1 - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
2. Schedule 2 - Property Inspection Report: Detailed report of property condition at time of release
3. Schedule 3 - Outstanding Payments Schedule: Itemized list of any outstanding payments or settlements required
4. Schedule 4 - Handover Checklist: Checklist of items to be returned including keys, access cards, and facilities passes
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