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Commonly Asked Questions about Termination Forms for Nonresidential Leases

This Section 27(2) Notice to End a Commercial Lease is a formal notice for a tenant to serve on its landlord if the tenant does not wish to renew a lease that either is about to expire or has expired.
A month-to-month tenancy may be terminated by either the landlord or the tenant simply by giving written notice from one side to the other. Unless the rental agreement or lease provides for a different time period, the notice to terminate must be given to the landlord at least 30 days before the tenant moves out.
Tenants can work with a trusted real estate advisor to draft their exercise letter. The exercise letter needs to reference the commercial lease, establish the effective date of the early termination, the penalty due, the circumstances of payment, and the condition of the premises upon vacation.
To
Notice Period At least 30 days notice is required for a month-to-month lease. If the tenancy is for a year-to-year lease and the tenant has been renting the premises for over a year, you will have to issue them a 60-day notice. Tenancies over three years require at least a 120- day notice of lease termination.
What to include in your rental termination letter Your full name. The date the letter is being written. The date you intend to vacate your rental unit. The date you wish to have your landlord inspect your apartment. Your contact information. Forwarding address. A friendly and polite message and sign off.
A commercial lease termination letter typically includes the following information: Date of planned property vacancy. Date of key surrender. Request for inspection. New business address. Contact information for a business representative. Reasoning behind the early termination.
What to Include in a Lease Termination Letter Clear Statement of Intent. Reason for Termination. Lease Termination Date. Request for Property Inspection. Request for Security Deposit Refund. Forwarding Address. Simple Lease Termination Letter Example. Lease Termination Letter for Job Relocation Example.