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Tenancy Contract Cancellation
"I need a Tenancy Contract Cancellation for my residential property in Manila, where both landlord and tenant have mutually agreed to terminate the lease on March 1, 2025, with specific provisions for the return of the security deposit within 14 days."
1. Parties: Full legal names and addresses of the landlord and tenant
2. Background: Details of the original lease agreement including date of execution, property description, and current term
3. Definitions: Key terms used in the cancellation agreement including 'Termination Date', 'Original Lease', and 'Property'
4. Termination Agreement: Mutual agreement to terminate the lease and the effective date of termination
5. Settlement of Accounts: Details of any outstanding rent, utilities, or other payments due from either party
6. Security Deposit: Agreement on the handling and return of the security deposit, including any deductions
7. Property Inspection: Requirements for final inspection and the condition in which the property must be returned
8. Mutual Release: Release of future claims and obligations between parties
9. Governing Law: Confirmation that the agreement is governed by Philippine law
10. Execution: Signature blocks and execution details
1. Forwarding Address: Section for tenant's new address for future correspondence, required if there will be future communications or deposit return
2. Keys and Access Devices: Section detailing return of keys and access devices, needed if there are multiple sets or special access devices
3. Surviving Obligations: Section specifying any obligations that survive termination, needed if there are continuing obligations
4. Personal Property: Section addressing abandonment or removal of personal property, needed if there are items remaining in the property
5. Confidentiality: Section requiring parties to keep terms confidential, needed for sensitive commercial arrangements
1. Schedule A - Property Inventory: Checklist of property condition and inventory at termination
2. Schedule B - Settlement Calculation: Detailed calculation of final payments, including rent pro-ration and utility settlements
3. Schedule C - Photographic Evidence: Photos documenting the condition of the property at termination
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Office Space
Industrial
Mixed-Use Development
Legal Services
Legal
Real Estate
Property Management
Operations
Facilities
Contract Administration
Compliance
Asset Management
Tenant Relations
Documentation
Property Manager
Real Estate Manager
Leasing Manager
Legal Counsel
Contract Administrator
Facilities Manager
Asset Manager
Real Estate Agent
Property Administrator
Compliance Officer
Operations Manager
Housing Director
Tenant Relations Manager
Real Estate Partner
Property Operations Director
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