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Commonly Asked Questions about Termination Notices for Nonresidential Leases

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.
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.
The tenant must first attempt to secure the voluntary consent of the landlord to terminate the lease, and if the request is de- nied, a court may order termination as long as all payments due under the lease through the termination date of the lease have been paid (Real Property Law 227-c).
Written notice must include: Termination date: The law says, the termination date must be effective no earlier than thirty days after the date on which the next rental payment is due (after the notice is delivered). The notice is considered delivered five days after mailing.
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.
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.
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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.