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Alter Commercial Lease Termination Notice

Alter Commercial Lease Termination Notice

Aug 6th, 2022

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How to Alter Commercial Lease Termination Notice

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If a tenant vacates on the day provided in a 60-day notice but has not paid rent for the remaining months, the landlord can take action sooner than the end of the notice period. For example, if a notice to vacate effective at the end of February is given in December, and the tenant fails to pay rent in January, the landlord should issue a notice to vacate for non-payment of rent for January. This approach makes it easier to prove the case of non-payment, as opposed to waiting for a holdover situation, and it allows the landlord to address the unpaid rent promptly.

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How does a tenant terminate a commercial lease?

A break clause is written into the commercial lease from the outset and allows a Tenant (and even a Landlord) to end a lease early by serving a notice on the other party.

Do you need to give notice to end a commercial lease?

Usually, the tenant can only leave at the end of a period (before the next payment of rent is due), but must give at least the amount of notice required in the lease (3 months if not contracted out).

How do I amend lease terms?

If you are a leaseholder, you cannot change the lease terms without agreeing such change with your landlord. The reason for this is that as the lease is a contract between two parties, the leaseholder and the landlord, both parties must agree to change (referred to also as variation) of the terms of the lease.

How do I terminate a commercial lease in Ontario?

For a monthly lease, you must provide the landlord one months written notice in advance. If the lease does not specify the lease as monthly, then in ance with the Commercial Tenancies Act, section 28, a months notice given no later than the end of the month is sufficient notice.

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