MUTUAL TERMINATION OF TENANCY
__________ and __________ agree to terminate __________ concerning __________, which commenced on __________.
- 1. TERMINATION DATE
- 2. RENT AND DEPOSIT
- 3. HANDOVER
- 4. RELEASES AND SURVIVING OBLIGATIONS
Neither party may use this agreement to justify forcible possession, utility disconnection or removal of belongings. Handover and any unresolved claim must be completed through lawful means.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to record and administer the parties' mutual termination, handover and settlement obligations, communicate about that purpose, verify the information expressly supplied, and retain an evidentiary record.
The record will be held by __________ and may be shown only to the landlord, tenant, authorised property manager or property consultant involved in the tenancy, a bank/payment service provider where settlement requires payment, a society or utility provider where final handover requires closure, and a statutory authority where disclosure is required for the transaction recorded here.
If this transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If it proceeds, the record will be retained for the term of the tenancy or transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, PAN, bank-account credentials, passwords or unrelated identity material. Detailed identity verification belongs in the separate KYC process.
EXECUTION
______________________________
Signature
Record-holder: __________
Place: ____________________
Date: ____________________