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Tenancy Contract Cancellation Template for Philippines

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Key Requirements PROMPT example:

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."

Document background
The Tenancy Contract Cancellation is a crucial document used in the Philippine real estate market when parties mutually agree to terminate a lease agreement before its scheduled end date. It complies with Philippine Civil Code requirements and rental regulations, providing a formal framework for early lease termination. This document is essential when circumstances require premature termination of a lease, such as tenant relocation, property sale, or mutual agreement to end the tenancy. It includes critical elements such as termination date, financial settlements, property inspection requirements, and mutual releases, ensuring both parties have clear documentation of their agreement to end the lease and their respective obligations. The document serves as legal protection for both landlord and tenant, preventing future disputes and providing clarity on the termination process.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions


























Clauses

























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Mixed-Use Development

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities

Contract Administration

Compliance

Asset Management

Tenant Relations

Documentation

Relevant Roles

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

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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