The Termination Of Sublease Agreement is essential when parties wish to formally end their sublease arrangement before or at the intended expiry date. This document, governed by Singapore law, ensures proper documentation of the termination process, protecting all parties' rights and obligations. It includes critical details such as the termination date, property surrender conditions, security deposit arrangements, and outstanding payment settlements. The agreement must comply with Singapore's property laws, including the Civil Law Act and Conveyancing and Law of Property Act, and may require consideration of HDB or URA regulations depending on the property type.
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1. Parties: Identification of all parties involved including original lessor, lessee/sublessor, and sublessee
2. Background: Details of original lease and sublease agreements, including dates and key terms
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when sublease will terminate
5. Mutual Release: Release of parties from obligations under sublease
6. Return of Security Deposit: Terms for return of security deposit
7. Property Surrender: Conditions for returning property
8. Governing Law: Specification of Singapore law as governing law
1. Outstanding Payments: Section detailing settlement of any remaining rent or charges, used when there are pending payments to be addressed
2. Property Inspection: Section covering arrangements for final inspection and condition assessment of the property
3. Utilities Transfer: Section addressing process for transferring or terminating utilities accounts and services
4. Key Return: Section detailing procedure for returning keys, access cards, and other access devices
1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement referenced in the termination
2. Schedule 2 - Original Sublease Agreement: Copy of the sublease agreement being terminated
3. Schedule 3 - Property Inventory: Detailed list of fixtures and fittings to be checked during property surrender
4. Schedule 4 - Outstanding Payments Schedule: Itemized list of any remaining payments or adjustments to be made between parties
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