Document background
A Lease Cancellation Letter is an essential legal document used in the Philippine real estate market to formally terminate existing lease arrangements. This document is required when either a tenant or landlord wishes to end a lease agreement before its natural conclusion or to provide notice of non-renewal at the end of the lease term. The letter must comply with Philippine Civil Code provisions, particularly Articles 1654-1731, and other relevant legislation such as the Rent Control Act of 2009 for residential properties. It typically includes key information such as party details, lease reference information, effective termination date, and property handover arrangements. The document is crucial for maintaining clear records and protecting both parties' legal interests during the lease termination process.
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