Procedure upon Mutual Agreement to Terminate Lease Agreement

The procedure for terminating a lease agreement based on mutual agreement requires a clear and written record of the arrangements. Both parties prepare a signed agreement in which the end date of the tenancy, the condition of the property upon delivery, and any financial settlements are recorded. This document serves as evidence for the Rent Tribunal or the court if necessary. Subsequently, the tenant must deliver the property clean and undamaged, often supported by a delivery report. The landlord checks the meter readings and charges service costs up to the end date. Importantly, no notice period applies, allowing the termination to take place flexibly. Parties can also agree on compensation for quick delivery. In case of disagreement over the delivery, an independent inspector can be engaged. This method prevents lengthy procedures and provides certainty. Always consult a lawyer for tailored advice to avoid future disputes. (198 words)