NOTICE OF TERMINATION OF LEASE
Summary A Notice of Termination of Lease may be used where you want to give a tenant notice that you intend to terminate their lease agreement.
This Notice is intended to be used in an amicable situation, where the tenant is complying with the terms of the Lease Agreement. If you want to terminate a lease because the tenant is in default, such as non-payment of rent, the Letter of Demand for Rental, together with the Notice of Termination and Eviction, may be considered.
Why do I need a Notice of Termination of Lease? A written notice of termination informs a tenant that the lease agreement is to be ended, and satisfies any legal requirements that the termination notice must be in writing. The tenant is given suitable notice to move out of the property and is reminded of certain legal obligations.
Who should use a Notice of Cancelling a Lease? If you rent out property and have a tenant that is on a month-to-month, or similar, lease, or are otherwise wanting to terminate a lease in accordance with the Lease Agreement, this termination letter may be considered to advise the tenant of the termination of the lease agreement and request the tenant to vacate the premises within the specified time period.
What does the Notice of Cancellation say? The sample notice: advises the tenant that the lease agreement is cancelled; gives the tenant a deadline by which to move out; confirms the nature of any charges that may be due.
What does the template notice of termination look like? The letter can be printed onto one page.
What do you need to do to use the Notice of Termination of Lease?
- Read the document to ensure that it suits your requirements. Make changes as required.
- Ensure that you comply with the terms of your Lease Agreement and the law by getting legal advice.
- Complete the relevant details, and send the Notice of Termination to the tenant.
Also viewed: Renewal of Lease Agreement
Also known as: Notice of Cancellation of Lease Agreement; Termination of Lease Agreement
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