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Save Commercial Lease Termination Notice

Aug 6th, 2022

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How to Save Commercial Lease Termination Notice

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In this video, Nadia MacLeod from RPMRE Legal Kits discusses the challenges landlords face when a commercial tenant stops paying rent. Landlords cannot simply issue an eviction notice; they must adhere to a specific procedure based on lease terms and state regulations. If a tenant has breached the lease, landlords need to identify the breach, which can be financial (e.g., unpaid rent) or non-financial, and then follow a general procedure to exercise their right of forfeiture or re-entry. Understanding these legal steps is essential to mitigate potential losses effectively.

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Got questions?

Here 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.

What is a notice to quit commercial lease?

Section 25 notice (landlord terminating the commercial lease agreement) You can give your tenant notice that you plan to end their tenancy with a Section 25 notice (sometimes called an S25 notice). This confirms: the end date for your existing lease.

What happens to a commercial lease at the end of the term?

From a tenant perspective, physical premises could be vital for the business, but situations can change. But there are two options for the tenant when their lease expires. Option 1 remain in the property and negotiate a new lease. Option 2 vacate the property and give possession back to the landlord.

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).

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