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Early Release Tenancy Agreement
"I need an Early Release Tenancy Agreement for my residential property in Lagos, Nigeria, where my tenant has agreed to terminate the lease three months early on March 1, 2025, due to job relocation, and we need to document the deposit return and utility transfer arrangements."
1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Context of the agreement, reference to the original tenancy agreement, and reason for early release
3. Definitions: Key terms used throughout the agreement including 'Early Release Date', 'Original Tenancy Agreement', 'Property', etc.
4. Early Release Terms: Specific terms and conditions of the early release, including the agreed termination date
5. Financial Settlement: Details of any financial arrangements, including rent payments up to release date, deposit return, and any early termination fees
6. Property Inspection and Condition: Requirements for property condition upon surrender and inspection arrangements
7. Handover Obligations: Specific requirements for returning keys, removing possessions, and clearing the property
8. Release and Discharge: Mutual release from obligations under the original tenancy agreement
9. Governing Law: Confirmation that the agreement is governed by Nigerian law
10. Execution: Signature blocks and execution requirements
1. Utilities and Services: Include when there are specific arrangements for transfer or termination of utilities
2. Outstanding Repairs: Include when there are specific repair obligations to be addressed before release
3. Third Party Consents: Include when the early release requires approval from mortgagees or other third parties
4. Forwarding Address: Include when specific arrangements for future communications or deposit return are needed
5. Assignment/Subletting Provisions: Include when the early release involves transfer to a new tenant
6. Break Fee Details: Include when there is a specific break fee calculation or payment structure
1. Schedule 1 - Property Details: Detailed description of the property including address and any included fixtures/fittings
2. Schedule 2 - Financial Statement: Breakdown of all financial calculations including rent, deposit, and any adjustments
3. Schedule 3 - Condition Report: Current condition of the property and any agreed repairs or improvements required
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
5. Appendix B - Inspection Checklist: Detailed checklist for final inspection and handover requirements
Authors
Real Estate
Residential Property
Commercial Property
Property Management
Legal Services
Housing
Property Development
Facility Management
Corporate Real Estate
Student Housing
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Contract Administration
Tenant Relations
Asset Management
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Tenancy Administrator
Housing Officer
Estate Manager
Facility Manager
Leasing Manager
Property Administrator
Real Estate Lawyer
Compliance Officer
Contract Manager
Tenant Relations Manager
Property Operations Manager
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