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Ending A Fixed Term Tenancy Agreement Early

Ending A Fixed Term Tenancy Agreement Early Template for Philippines

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Key Requirements PROMPT example:

Ending A Fixed Term Tenancy Agreement Early

"I need an agreement for Ending A Fixed Term Tenancy Agreement Early for my residential property in Manila, with a mutual termination date of March 15, 2025, including provisions for the return of the security deposit and final utility readings."

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Document background
The document "Ending A Fixed Term Tenancy Agreement Early" is essential when parties to a lease agreement in the Philippines mutually agree to terminate their fixed-term tenancy before its scheduled end date. It's particularly useful when circumstances require early termination without dispute, such as tenant relocation or landlord's need to repurpose the property. The agreement must comply with Philippine Civil Code requirements and, where applicable, the Rent Control Act of 2009. It includes critical elements such as termination date, financial settlements, property inspection requirements, and mutual release of obligations. This document helps prevent future disputes by clearly documenting the termination terms and ensuring all parties understand their rights and responsibilities under Philippine law.
Suggested Sections

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

2. Background: Brief overview of the existing tenancy agreement, including its start date, original end date, and property details

3. Definitions: Definitions of key terms used throughout the agreement

4. Early Termination Date: Specific date when the tenancy will end prematurely

5. Mutual Agreement to Terminate: Statement of mutual consent to end the tenancy early

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

7. Security Deposit: Arrangements for the return or deduction from the security deposit

8. Property Inspection: Requirements for final inspection and condition assessment of the property

9. Utilities and Bills: Process for settling outstanding utilities and transfer of services

10. Keys and Access: Arrangements for returning keys and property access devices

11. Release of Obligations: Mutual release from future obligations under the original tenancy agreement

12. Governing Law: Confirmation that the agreement is governed by Philippine law

13. Signatures: Execution section for all parties to sign

Optional Sections

1. Early Termination Fee: Details of any agreed termination fee, if applicable

2. Forwarding Address: New contact details for the tenant, used when future correspondence is expected

3. Outstanding Repairs: List of any repairs or maintenance issues to be resolved before termination

4. Personal Property: Arrangements for removal of tenant's remaining personal property

5. Reference Provision: Agreement regarding providing future tenancy references

6. Third Party Rights: Clause addressing any guarantors or other third parties involved in the original agreement

7. Confidentiality: Terms regarding confidentiality of the termination agreement and its terms

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed inventory of the property condition and contents

2. Schedule 2 - Payment Settlement: Breakdown of all financial settlements including rent, deposits, and any deductions

3. Schedule 3 - Utility Readings: Final meter readings for utilities

4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated

5. Appendix B - Property Inspection Report: Final inspection report documenting the condition of the property

6. Appendix C - Photographic Evidence: Photos documenting the property's condition at termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Agriculture

Education

Healthcare

Relevant Teams

Legal

Property Management

Real Estate Operations

Facilities Management

Tenant Relations

Compliance

Administrative Services

Asset Management

Contract Administration

Property Services

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Tenant Relations Officer

Facilities Manager

Housing Administrator

Compliance Officer

Property Administrator

Real Estate Operations Manager

Asset Manager

Property Services Coordinator

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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