A tenancy agreement termination clause is a vital part of any lease agreement, outlining the conditions under which either the landlord or tenant may terminate the tenancy and what actions must be taken to achieve this goal. In this article, we will provide a sample tenancy agreement termination clause that can be used as a guide for landlords and tenants alike.
Sample Tenancy Agreement Termination Clause:
Either party (landlord or tenant) may terminate this tenancy agreement by giving written notice to the other party at least thirty (30) days before the intended termination date.
If the tenant wishes to terminate the agreement, they must provide written notice to the landlord, specifying the date of termination and the reasons for doing so. Upon receiving the notice, the landlord may inspect the property and assess any damages before returning the tenant`s security deposit.
If the landlord wishes to terminate the agreement, they must provide written notice to the tenant, specifying the date of termination and the reasons for doing so. If the tenant has breached any provisions of the tenancy agreement, the landlord may terminate the agreement immediately without notice.
Upon termination of the agreement, the tenant must vacate the property and leave it in the same condition as when they moved in, with reasonable wear and tear excepted. The landlord is entitled to retain the security deposit to cover any unpaid rent or damages caused by the tenant, and the tenant must pay any outstanding rent and utilities before leaving the property.
If the tenant remains in the property after the termination date, the landlord may take legal action to evict them and recover any unpaid rent or damages owed.
A well-drafted tenancy agreement termination clause provides clarity and protection for both landlords and tenants, ensuring that each party understands their rights and obligations in the event of termination. While the above sample clause is a helpful guide, landlords and tenants should always seek legal advice to ensure that their specific situation is adequately addressed in the agreement.