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Form To Terminate Lease Agreement for Canada

Form To Terminate Lease Agreement Template for Canada

This document serves as a formal agreement to terminate a lease between a landlord and tenant in Canada, complying with provincial residential tenancy laws. It outlines the terms and conditions for ending the tenancy, including the termination date, security deposit handling, property inspection requirements, and final utility payments. The agreement provides legal protection for both parties by clearly documenting their mutual consent to end the lease, their respective obligations, and the conditions under which the termination takes place. It includes provisions for property condition assessment, key return procedures, and final settlement of any outstanding amounts.

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What is a Form To Terminate Lease Agreement?

The Form To Terminate Lease Agreement is a essential legal document used in Canadian residential and commercial tenancy contexts when both parties agree to end a lease agreement before or at its natural conclusion. This document is particularly crucial in jurisdictions across Canada where written documentation of lease termination is required by provincial tenancy laws. It protects both landlords and tenants by clearly outlining the termination date, move-out conditions, security deposit handling, and final payment requirements. The agreement can be used for both residential and commercial properties, though specific provisions may vary based on the type of tenancy and provincial regulations. It serves as crucial documentation for property records and may be required for future reference in legal or financial matters.

What sections should be included in a Form To Terminate Lease Agreement?

1. Parties: Identification of landlord and tenant(s), including full legal names and current contact information

2. Background: Brief context about the existing lease agreement, including original lease date, property address, and current terms

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Security Deposit', etc.

4. Termination Date: Specific date when the lease will terminate and tenant must vacate the property

5. Mutual Agreement: Statement confirming both parties agree to terminate the lease

6. Security Deposit: Details regarding the return of security deposit, including inspection requirements and timeline

7. Final Payments: Outline of any final rent payments, utilities, or other financial obligations

8. Property Condition: Requirements for the condition in which the property must be returned

9. Keys and Access: Process for returning keys and any access cards/fobs

10. Signatures: Execution section with date and signature blocks for all parties

What sections are optional to include in a Form To Terminate Lease Agreement?

1. Early Termination Fee: Include when lease is being terminated before the original end date and fees apply

2. Forwarding Address: Section for tenant to provide their new address for security deposit return and future correspondence

3. Outstanding Repairs: Include when there are specific repair issues that need to be addressed before termination

4. Abandoned Property: Include when there's a need to address potential abandoned property handling

5. Reference Letter: Include when tenant requests and landlord agrees to provide a reference letter

6. Mutual Release: Include when parties want to release each other from future claims

7. Pet Damage: Include when pets were present in the property and specific conditions apply

What schedules should be included in a Form To Terminate Lease Agreement?

1. Schedule A - Property Inspection Checklist: Detailed checklist for move-out inspection

2. Schedule B - Security Deposit Calculation: Breakdown of security deposit deductions if applicable

3. Schedule C - Utility Account Information: List of utility accounts that need to be closed or transferred

4. Appendix 1 - Photos of Property Condition: Documentary evidence of property condition at termination

5. Appendix 2 - Original Lease Agreement: Copy of the original lease agreement being terminated

Authors

Alex Denne

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

Jurisdiction

Canada

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions

























Clauses























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Real Estate

Legal Services

Property Development

Real Estate Investment

Property Leasing

Relevant Teams

Legal

Real Estate Operations

Property Management

Leasing

Tenant Relations

Administrative Services

Compliance

Asset Management

Facilities Management

Document Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Administrator

Asset Manager

Facilities Manager

Real Estate Broker

Tenant Relations Manager

Housing Coordinator

Compliance Officer

Operations Manager

Portfolio Manager

Property Owner

Rental Administrator

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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