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The End Of Lease Contract is a crucial document used in Indian property law when formally concluding a lease agreement between parties. It becomes necessary when a lease is being terminated, whether at its natural end date or through mutual agreement. The document encompasses essential elements required under Indian legislation, including the Transfer of Property Act 1882 and state-specific rent control laws. It details the final property inspection, settlement of accounts, utility transfers, and return of security deposits. This contract serves as a vital legal record that protects both parties' interests by clearly documenting the condition of the property upon surrender, confirming the settlement of all financial obligations, and providing mutual releases from future claims. It's particularly important in commercial and residential leasing contexts where significant property values and complex obligations are involved.

1. Parties: Details of the lessor/landlord and lessee/tenant, including full legal names, addresses, and contact information

2. Background: Brief overview of the original lease agreement, its key dates, and the reason for termination

3. Definitions: Key terms used throughout the document, including 'Premises', 'Termination Date', 'Security Deposit', etc.

4. Termination Date: Clear specification of the exact date when the lease terminates and premises must be vacated

5. Property Inspection and Condition: Details of the final inspection process and agreed condition of the property

6. Settlement of Accounts: Framework for settling all financial matters including rent arrears, utilities, and security deposit

7. Handover Procedures: Specific requirements for returning keys, access cards, and other property-related items

8. Tenant Obligations: List of final responsibilities including cleaning, repairs, and restoration requirements

9. Landlord Obligations: Landlord's commitments regarding inspection, deposit return, and documentation

10. Mutual Release: Clause releasing both parties from future obligations post-termination

11. Governing Law: Specification that the agreement is governed by Indian law and relevant state regulations

12. Signatures: Execution clause and space for signatures of all parties