The Tenancy Release Form is essential when parties wish to formally terminate a tenancy agreement before its natural expiration or document the proper conclusion of a tenancy. This document, governed by Singapore law, provides legal protection for both landlord and tenant by clearly documenting the terms of release, handling of deposits, and mutual discharge of obligations. It helps prevent future disputes by clearly documenting the end of the tenancy relationship and any final settlements. The form is particularly important in Singapore's structured property market, where clear documentation of property transactions is crucial for legal compliance and risk management.
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Key Requirements PROMPT example:
Tenancy Release Form
"I need a Tenancy Release Form for my three-bedroom apartment in Singapore, where the tenant has requested early termination due to overseas relocation, with the release date set for March 15, 2025, and I want to ensure proper documentation of the security deposit return."
1. Date and Parties: Identification of landlord, tenant, and date of release
2. Property Details: Full description and address of the rental property
3. Original Tenancy Details: Reference to original tenancy agreement and its key terms
4. Release Terms: Specific terms of the release and mutual discharge of obligations
5. Security Deposit: Details of security deposit return or deductions
6. Execution Block: Signature blocks for all parties
1. Outstanding Payments: Details of any remaining payments or settlements required before release
2. Property Condition: Statement about property condition upon surrender and any repairs needed
3. Surviving Obligations: Any obligations that continue after termination of the tenancy
1. Property Inspection Report: Documentation of property condition at release
2. Settlement Statement: Detailed breakdown of final payments and deductions
3. Original Tenancy Agreement: Copy of the original agreement being terminated
4. Handover Checklist: List of items to be returned including keys, access cards, and other property
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